Refer to the table given. If 2010 is the base year, the inflation rate between 2010 and 2011 is inflation rate between 2011 and 2012 is percent, and the percent. Price per unit (TL) Units purchased 2009 2010 2011 2012 Blueberries Pineapples Cheese 8 2.00 2.00 2.10 2.40 2.00 2.50 3.00 2.50 3.00 3 2.50 3.50 4.00

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 22CTQ: Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that the...
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Refer to the table given. If 2010 is the base year, the inflation rate between 2010 and 2011 is
percent, and the
inflation rate between 2011 and 2012 is
percent.
Price per unit (TL)
2010
Units purchased
2009
2011
2012
Blueberries
Pineapples
8
2.00
2.00
2.10
2.40
2.00
2.50
2.50
3.00
Cheese
3
2.50
3.00
3.50
4.00
3.9: 17.1
7.4; 13.9
10.2; 10.4
6.1; 16.1
Transcribed Image Text:Refer to the table given. If 2010 is the base year, the inflation rate between 2010 and 2011 is percent, and the inflation rate between 2011 and 2012 is percent. Price per unit (TL) 2010 Units purchased 2009 2011 2012 Blueberries Pineapples 8 2.00 2.00 2.10 2.40 2.00 2.50 2.50 3.00 Cheese 3 2.50 3.00 3.50 4.00 3.9: 17.1 7.4; 13.9 10.2; 10.4 6.1; 16.1
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