Multiple Choice
Table 6-3
In the country of Shem,the CPI is calculated using a market basket consisting of 5 apples,4 kg of chicken,3 shirts,and 2 litres of gasoline.The per-unit prices of these goods have been as follows:
-Refer to the Table 6-3.What was the inflation rate,as measured by the CPI,between 2012 and 2013?
A) -4.44 percent
B) -7.14 percent
C) 3.75 percent
D) 11.25 percent
Correct Answer:

Verified
Correct Answer:
Verified
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