Suppose That 1983 Is the Base Year for the Consumer

question 6

Multiple Choice

Suppose that 1983 is the base year for the Consumer Price Index (CPI) and in 2012 the CPI was 226.What does this "226" mean?

• A) What cost $100 in 1983 on average cost 226 times as much in 2012.
• B) What cost $100 in 1983 on average cost $226 more in 2012.
• C) What cost $100 in 1983 on average cost 100/226 (or 0.44) times as much in 2012 (that is, it will cost $22 in 2012).
• D) What cost $100 in 1983 on average cost $126 more in 2012.

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Definitions:

Emotional Aspects

Components or dimensions of human emotions, including their triggers, physiological responses, expressions, and psychological effects.

Human Functioning

The range of human activities and capacities, including physical, cognitive, emotional, and social aspects.

Intellectual

pertains to activities or functions of the mind characterized by complex cognitive faculties, such as thinking, reasoning, and understanding.

Role Construct Repertory

A psychological assessment tool that evaluates personal construct systems to understand how individuals perceive their relationships and social world.