-If 2003 Is the Reference Base Period, What Is the |

question 71

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { CPI basket } \\\text { quantity }\end{array} & 2003 \text { price } & 2011 \text { price } \\\hline \text { DVDs } & 10 \text { discs } & \$ 16 \text { per disc } & \$ 12 \text { per dis } \\\hline \begin{array} { l } \text { Bottled } \\\text { water }\end{array} & 200 \text { bottles } & \$ 1.00 \text { per bottle } & \$ 1.25 \text { per bottle } \\\hline\end{array}$$
-If 2003 is the reference base period, what is the price index for the CPI basket of goods for 2011 in the above table?

• A) 102.8
• B) 128.0
• C) 97.3
• D) zero because the price of CDs fell and the price of water increased

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Definitions:

Job Evaluations

The systematic process of determining the relative worth of jobs within an organization to establish a fair and equitable pay structure.

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including hours, physical aspects, and legal rights.

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The state or fact of having a duty to deal with something or of having control over someone, often linked with accountability.

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An organizational culture where employees have a stake in the company's success, often through stock ownership, leading to increased engagement and productivity.