Look at the scenario II. What is the rate of inflation betwe…

Look at the scenario II. What is the rate of inflation between 2016 and 2017?  Scenario II: Suppose a market basket consists of the following goods: 50 pens 25 notepads 25 paperclips Also assume that the price per unit for these goods is as follows for the years noted, and 2016 is the base year. Quiz 11.png

quiz 7.jpg This quiz is on this week reading. Please read 8t…

quiz 7.jpg This quiz is on this week reading. Please read 8th chapter carefully and then start this quiz. You have two attempts and I consider your highest grade as your quiz grade.  You are supposed to submit each of these attempts in one sitting , you cannot save it and come back later to submit it. You are supposed to submit each of these attempts in one sitting , you cannot save it and come back later to submit it. Also please make sure to submit your quizzes by deadlines. Your quiz grades will be lowered by one full letter for each day late submission.  One-day late submission is accepted with 10% off the max grade.   Two-day late submission is accepted with 20% off the max grade.  Three-day late submission is accepted with 30% off the max grade.  Beyond that late submission is accepted with 50% off the max grade.  Best of Luck!