The market basket used to calculate the cpi in aquilonia is 4 loaves of bread, 6 gallons of milk, 2 shirts, and 2 pairs of pants. in 2005, bread cost $1.00 per loaf, milk cost $1.50 per gallon, shirts cost $6.00 each, and pants cost $10.00 per pair. in 2006, bread cost $1.50 per loaf, milk cost $2.00 per gallon, shirts cost $7.00 each, and pants cost $12.00 per pair. using 2005 as the base year, what was aquilonia’s inflation rate in 2006?

Inflation = 22.44%

Explanation:

Given :

In 2005

Cost of bread = $1.00 per loaf

Cost of milk = $1.50 per gallon,

Cost of shirt = $6.00 each,

Cost of pant = $10.00 per pair.

whereas,

In 2006

Cost of bread = $1.50 per loaf,

Cost of milk = $2.00 per gallon,

Cost of shirt = $7.00 each,

Cost of pant = $12.00 per pair.

∴ = [(Cost of bread × Quantity ) + (Cost of milk × Quantity) + (Cost of shirt × Quantity ) + (Cost of bread × Quantity)]

= $45

Similarly,

  = [(Cost of bread × Quantity ) + (Cost of milk × Quantity) + (Cost of shirt × Quantity ) + (Cost of bread × Quantity)]

= $56

∴ Inflation =

⇒ Inflation = 22.44%

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol