question archive Table 1 2014 Price Quantity Tennis balls $2 100 Golf balls $4 100 Bottles of Gatorade $1 200 2015 Price Quantity Tennis balls $2 100 Golf balls $6 100 Bottles of Gatorade $2 200 3
Table 1 2014 Price Quantity Tennis balls $2 100 Golf balls $4 100 Bottles of Gatorade $1 200 2015 Price Quantity Tennis balls $2 100 Golf balls $6 100 Bottles of Gatorade $2 200 3
Subject:SociologyPrice: Bought3
Table 1 2014 Price Quantity Tennis balls $2 100 Golf balls $4 100 Bottles of Gatorade $1 200 2015 Price Quantity Tennis balls $2 100 Golf balls $6 100 Bottles of Gatorade $2 200 3. Refer to Table 1. The percentage changes in the overall price level: O 100% O 60% O 70% 50% 4. Which of the following statements is true?" If we know the base year is 2000, and if we know the value of the consumer price index for the year 1995, then we have all the information we need to calculate the inflation rate for 1995. If we know the base year is 2000, and if we know the value of the consumer price O index for the year 1995, then we have enough information to calculate the percentage change in the cost of living between 1995 and 2000. Even if we know the values of the consumer price index for the years 2009 and 2010, we cannot calculate the inflation rate for 2010 if we do not know which year is the base year If we know the base year is 1990, and if we know the value of the consumer price index for the year 1990, then we have all the information we need to calculate the inflation rate for 2010
