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Refer to Table 8

Question 41

Multiple Choice

 Good  Price Increase since  Last Year  Amusement park tickets 5.0% Bowling balls 4.2% Camouflage neckties 3.1% Table 8.1\begin{array}{l}\begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Increase since } \\\text { Last Year }\end{array} \\\hline \text { Amusement park tickets } & 5.0 \% \\\hline \text { Bowling balls } & 4.2 \% \\\hline \text { Camouflage neckties } & 3.1 \% \\\hline\end{array}\\\text { Table } 8.1\end{array} Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,what happened to the real price of camouflage neckties?


A) The real price of camouflage neckties fell by 0.4%.
B) The real price of camouflage neckties rose by 0.4%.
C) The real price of camouflage neckties rose by 6.6%.
D) The real price of camouflage neckties fell by 6.6%.

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