5) Use the table below to answer this question. Potatoes Meat Fish 2019 price (£) 2 15 20 2019 quantity 50 20 2020 price (£) 2.5 25 40 2020 quantity 50 20 5 Assume a hypothetical economy where...

5) Use the table below to answer this question.<br>Potatoes<br>Meat<br>Fish<br>2019 price (£)<br>2<br>15<br>20<br>2019 quantity<br>50<br>20<br>2020 price (£)<br>2.5<br>25<br>40<br>2020 quantity<br>50<br>20<br>5<br>Assume a hypothetical economy where consumers buy only potatoes, meat and fish. If we<br>choose 2019 as the base year, the inflation rate for 2020 is:<br>a) 65%<br>b) 100%<br>c) 825%<br>d) 165%<br>

Extracted text: 5) Use the table below to answer this question. Potatoes Meat Fish 2019 price (£) 2 15 20 2019 quantity 50 20 2020 price (£) 2.5 25 40 2020 quantity 50 20 5 Assume a hypothetical economy where consumers buy only potatoes, meat and fish. If we choose 2019 as the base year, the inflation rate for 2020 is: a) 65% b) 100% c) 825% d) 165%

Jun 07, 2022

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5) Use the table below to answer this question. Potatoes Meat Fish 2019 price (£) 2 15 20 2019 quantity 50 20 2020 price (£) 2.5 25 40 2020 quantity 50 20 5 Assume a hypothetical economy where...

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