Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jr3811 jr3811
wrote...
Go to Answer
Posts: 137
Rep: 0 0
A year ago
Scenario: Bookland is a country that produces only books. In 1990, Bookland produced 10,000 books at a market price of $10 each. In 1991, Bookland produced 11,000 books at a market price of $12 each.


Refer to the scenario above. The rate of inflation in Bookland from 1990 to 1991 was closest to ________.

▸ 20 percent

▸ 40 percent

▸ 30 percent

▸ 10 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 35 times
1 Reply
Replies
Answer verified by a subject expert
ugotpwned5ugotpwned5
wrote...
#1
Posts: 118
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jr3811 Author
wrote...

A year ago
Good timing, thanks!
mikeh209
wrote...

Yesterday
You make an excellent tutor!
njn;l
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1145 People Browsing
 118 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 301
  
 258
  
 137
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Do you believe in global warming?