Price per UnitUnits Produced 2007 2008 2009 2010Blueberries 8$42$2$2.1$2.4Pineapples 5$2$2.5$2,5S3Cheese3.$2.5$3.5$4If 2008 is the base year, the inflation rate between 2009 and 2010 isSelect one:Oa. 10.4%Ob. 17.1%O:c13.9%

In the given table, unit and output produced in 4 years are given to be used in economic analysis.

Price per Unit Units Produced 2007 2008 2009 2010 Blueberries 8 $2 $2 $2.1 $2.4 Pineapples 5 $2 $2.5 $2.5 $3 Cheese $2.5 S3 $3.5 $4 If 2008 is the base year, the inflation rate between 2009 and 2010 is Select one: O a. 10.4% Ob. 17.1% Oc 13.9% d 161%

Price per Unit Units Produced 2007 2008 2009 2010 Blueberries 8 $2 $2 $2.1 $2.4 Pineapples 5 $2 $2.5 $2.5 $3 Cheese $2.5 S3 $3.5 $4 If 2008 is the base year, the inflation rate between 2009 and 2010 is Select one: O a. 10.4% Ob. 17.1% Oc 13.9% d 161%

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 33P: The index number representing the price level changes from 110 to 115 in one year and then from 115...

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Question

Price per Unit
Units Produced 2007 2008 2009 2010
Blueberries 8
$42
$2
$2.1
$2.4
Pineapples 5
$2
$2.5
$2,5
S3
Cheese
3.
$2.5
$3.5
$4
If 2008 is the base year, the inflation rate between 2009 and 2010 is
Select one:
Oa. 10.4%
Ob. 17.1%
O:c13.9%

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