The following table gives quantity and price data for the basket of goods used in the consumer price index. 2016 2017 Goods Quantity Price per Unit Quantity Price per Unit Tea 100 cups $3 90 cups $6 Books 50 books $20 60 books $15 Assume 2016 is the base year. The inflation rate bemeen 2016 and 201? is (approximately): Select one: 0 a. 2.5% O b. 10.8% 0 c. 8.0% 0 d. 3.8% 0 e. 6.0% Which of the following equations best represents the concept of ination persistence (orinertia)? Select one: 0 a. c=g;1-+t O b- = .. 14.. ) O c. 1:: = 11'? +5: 0 d- i"t=it1"r: Oe. nt=Et