If the Cost of a Market Basket Is $150 in 2004

question 33

Multiple Choice

If the cost of a market basket is $150 in 2004 and $200 in 2005, the price index for 2004 using 2005 as the base year is _____.

• A) 0.75
• B) 1.00
• C) 1.33
• D) 1.50

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Definitions:

Leukemia

A form of cancer that targets the blood and bone marrow, marked by the excessive creation of irregular white blood cells.

Pallor

An unusual lightness of skin coloration, often indicating illness or shock.

Congestive Heart Failure

A chronic condition in which the heart is unable to pump blood effectively, leading to symptoms like shortness of breath and swelling in legs.

Leukemia

A type of cancer of the blood or bone marrow characterized by an abnormal increase in white blood cells.