Frank Has an IQ of 97

question 82

Multiple Choice

Frank has an IQ of 97. He would be classified as

• A) learning disabled.
• B) gifted.
• C) mentally retarded.
• D) average.
• E) superior.

---

Definitions:

Laspeyres Price Index

A measure of the change in the overall price of a specific set of goods and services over time, using the quantities of the goods and services purchased in the base period.

Consumption Bundle

A combination of goods and services that a consumer chooses to consume at a given time.

Prices

The total monetary value expected, called for, or delivered in payment for an object.

Laspeyres Price Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services over time, based on the quantities purchased in the base period.