Table 1 Prices of peaches and pecans year peaches 2020 $11 per bushel 2021 $7 per bushel pecans $6 per bushel $10 per bushel 8. Refer to Table 1. Suppose that the typical consumer buys 10 bushels of peaches and 15 bushels of pecans and that the base year is 2020. The consumer price index (CPI) for 2021 is a. 100 b. 110 c. 120 d. 130 e. None of the other answers is true 9. Refer to Table 1. The inflation rate in 2021 is a. O percent b. 10 percent 20 percent d. 30 percent e. None of the other answers is true

Table 1 Prices of peaches and pecans year peaches 2020 $11 per bushel 2021 $7 per bushel pecans $6 per bushel $10 per bushel 8. Refer to Table 1. Suppose that the typical consumer buys 10 bushels of peaches and 15 bushels of pecans and that the base year is 2020. The consumer price index (CPI) for 2021 is a. 100 b. 110 c. 120 d. 130 e. None of the other answers is true 9. Refer to Table 1. The inflation rate in 2021 is a. O percent b. 10 percent 20 percent d. 30 percent e. None of the other answers is true

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 4.8P

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