Question

The country of Batavia produces only chocolates and watches. Below is a table with recent information on Batavia production and prices. The base year is 2009.

Prices and Quantities
Year
2008
2009
2010
2011
Price of A Box Boxes of
of Chocolates
Chocolates
$4
$5
$5
$6
100
90
100
80
Price of
Watches.
$50
$50
$60
$65.
Quantity of
Watches
10
15
15
12
Refer to Table 23-6. What was the inflation rate for 2011? Show your work.

Answer 1

Explanation: chocalates 390

prices of watched 225

quantity of watches is 52

390+225+52 = 667