Use the following table to answer the next question. The base year is 2007.
Year Hot Dogs Baseballs Bottles of Beer
Price Quantity Price Quantity Price Quantity
2005 $2.50 100 $2.50 50 $1.00 100
2006 4.00 100 5.00 100 2.00 150
2007 5.00 100 5.00 100 2.00 200
2008 8.00 150 8.00 200 4.00 200
2009 10.00 200 10.00 200 4.00 250
Inflation for the year 2008 is
Multiple Choice
50 percent.
71 percent.
76.5 percent.
80 percent.
