Suppose That a Price Index for a Certain Basket of Goods

question 57

Multiple Choice

Suppose that a price index for a certain basket of goods and services has a value of 150 in 2015 and a value of 156 in 2016.This index suggests that the cost of the market basket of goods and services

• A)was 4% higher in 2016 than in 2015.
• B)was 6% lower in 2016 than in 2015.
• C)was 6% higher in 2016 than in 2015.
• D)was 156% higher in 2016 than in 2015.
• E)was approximately the same in 2016 and 2015.

---

Definitions:

Anxiety Disorder

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one’s daily activities.

Autonomic Nervous System

A subdivision of the peripheral nervous system (PNS); it transmits sensory signals and motor signals back and forth between the central nervous system (CNS) and the body’s glands and internal organs.

True Threat

A statement intended to communicate a serious expression of an intent to commit an act of violence against an individual or group.

Psychological Testing

The process of administering tests and assessments to evaluate psychological constructs such as intelligence, personality, and mental health.