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Year Peaches Pecans 2010 $14 per bushel $9 per bushel 2011 $12 per bushel $14 per bushel Suppose that the typical consumer basket consists of
Year Peaches Pecans
2010 $14 per bushel $9 per bushel
2011 $12 per bushel $14 per bushel
Suppose that the typical consumer basket consists of 5 bushels of peaches and 10 bushels of pecans and that the base year is 2010.What was the inflation rate between 2010 and 2011?
Select one:
A- 100 percent
B- 50 percent
C- 5 percent
D- 4 percent
E- 20 percent
F- 25 percent
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