If the Value of the Consumer Price Index (CPI)in 2013

question 174

Multiple Choice

If the value of the consumer price index (CPI) in 2013 was 135 and the value of the CPI in 2012 was 117,we could correctly say that the

• A) typical basket of goods was about 18 percent more expensive in 2013 than in 2012.
• B) typical basket of goods was about 18 percent less expensive in 2013 than in 2012.
• C) typical basket of goods was about 15.4 percent more expensive in 2013 than in 2012.
• D) average price of all items included in gross domestic product (GDP)was about 18 percent more expensive in 2013 than in 2012.
• E) average price of all items included in gross domestic product (GDP)was about 15.4 percent more expensive in 2013 than in 2012.

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Definitions:

Options Sellers

Parties in an options contract who take on the obligation to buy or sell the underlying asset if the options buyer exercises their right.

Markets

Platforms or systems where buyers and sellers interact to trade goods, services, securities, or other assets.

Call Option Valuation

The process of determining the value of a call option, which gives the holder the right, but not the obligation, to buy an asset at a specified price within a specific time frame.

Slope Approaches

Techniques used to determine the direction and rate of change in data, often applied in statistical and economic models.