If the Cost of a Market Basket Is $200 in 2006

question 27

Multiple Choice

If the cost of a market basket is $200 in 2006 and $230 in 2007, the price index for 2007 using 2006 as the base year is _____.

• A) 1.00
• B) 1.15
• C) 1.30
• D) 2.00

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Definitions:

Windblown Spores

Reproductive particles produced by fungi and some plants that are dispersed by wind to propagate the species.

Fiddleheads

The furled fronds of young ferns eaten as a vegetable, known for their distinctive spiral shape that resembles the scroll of a fiddle.

Fronds

The large, divided leaves of ferns or palms, characterized by their complex structure and, in ferns, their role in reproduction through spores.

Sporophyte Generation

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.