X Question 3 0 points A Use the following basket of goods for years 2006, 2007, and 2008 to answer questions 1 through 10: Good and unit Price in 2006 Price in 2007 Price in 2008 Gasoline, gallons $3.50 $3.85 $3.30 Electricity, kwh $0.11 $0.11 $0.10 Milk,quarts $1.75 $1.80 $1.75 If you use 2006 as the base year, what is the price level in 2007 (rounded to the nearest tenth)? X Question 4 0 points Use the following basket of goods for years 2006, 2007, and 2008 to answer questions 1 through 10: Good and unit Quantity Price in 2006 Price in 2007 Price in 2008 Coffee, pounds 3 $10.25 $10.30 $11.25 Gasoline, gallons 30 $3.50 $3.85 $3.30 Cereal, boxes 5 $4.25 $4.25 $4.50 Electricity, kwh 200 $0. 11 $0. 11 $0. 10 Milk, quarts 12 $1.75 $1.80 $1.75 What was the inflation rate from 2006 to 2007 (rounded to the nearest tenth)?X Question 5 0 points A Use the following basket of goods for years 2006,2007, and 2008 to answer questions 1 through 10: Coffee, pounds $10.25 $10.30 $11.25 Electricity, kwh $0.11 $0.11 $0.10 Milk, quarts $1.75 $1.80 $1.75 If the basket had been adjusted in 2007 to reduce gasoline consumption to 28 gallons, what would be the ination rate from 2006 to 2007 (rounded to the nearest tenth)? X Question 6 0 points A Use the following basket of goods for years 2006, 2007, and 2008 to answer questions 1 through 10: Good and unit Price in 2006 Price in 2007 Price in 2008 Electricity, kwh $0.11 $0.11 $0.10 Milk,quarts $1.75 $1.80 $1.75 The basket was adjusted in 2007 to reduce gasoline consumption to 28 gallons. What is the price level for 2008 with this quantity (rounded to the nearest tenth)? X Question 7 0 points A Use the following basket of goods for years 2006, 2007, and 2008 to answer questions 1 through 10: Good and unit Price in 2006 Price in 2007 Price in 2008 Coffee, pounds $10.25 $10.30 $11.25 Electricity, kwh $0.11 $0.11 $0.10 Milk,quarts $1.75 $1.80 $1.75 If the basket were adjusted again in 2008 to reect the drop in gasoline prices and the subsequent rise in consumption of that good returning the quantity to its 2006 level of 30 gallons what would the price level be (rounded to the nearest tenth)? X Question 8 0 points A Use the following basket of goods for years 2006,2007, and 2008 to answer questions 1 through 10: Coffee, pounds $10.25 $10.30 $11.25 Electricity, kwh $0.11 $0.11 $0.10 Milk, quarts $1.75 $1.80 $1.75 If the market basket contained 30 gallons of gasoline in 2006 and 2008 but only 28 gallons of gasoline in 2007, what was the ination rate from 2007 to 2008 (rounded to the nearest tenth)? X Question 10 0 points Use the following basket of goods for years 2006, 2007, and 2008 to answer questions 1 through 10: Good and unit Quantity Price in 2006 Price in 2007 Price in 2008 Coffee, pounds 3 $10.25 $10.30 $11.25 Gasoline, gallons 30 $3.50 $3.85 $3.30 Cereal, boxes 5 $4.25 $4.25 $4.50 Electricity, kwh 200 $0. 11 $0. 11 $0. 10 Milk, quarts 12 $1.75 $1.80 $1.75 If you use the same basket quantities for all three years, what was the total inflation rate for the two-year period from 2006 to 2008 (rounded to the nearest tenth)