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    Principles of Economics Study Set 7
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    Exam 23: Measuring a Nation S Income
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    Table 23-11 Table 23-12
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Table 23-11 Table 23-12

Question 350

Question 350

Short Answer

Table 23-11
Table 23-12
A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year. Table 23-11 Table 23-12 A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year.   -Refer to Table 23-12. Calculate the rate of inflation for 2012.
-Refer to Table 23-12. Calculate the rate of inflation for 2012.

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