Multiple Choice
Use the following to answer questions :
Table: Peanut Butter and Jelly
-(Table: Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. If 2012 is the base year, what is the rate of inflation between 2013 and 2014?
A) 4.9%
B) 11.25%
C) 22.5%
D) 10.1%
Correct Answer:

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Correct Answer:
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