Multiple Choice
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next six questions: Assume that the base year is 2012.
-What was the rate of inflation between the two years?
A) 19.44%
B) 8.57%
C) 6.67%
D) 2.38%
E) 16.67%
Correct Answer:

Verified
Correct Answer:
Verified
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