The Table Below Shows Vietnam?s Price Index Between 2004 and 2007

question 162

Multiple Choice

The table below shows Vietnam?s price index between 2004 and 2007. $$\begin{array} { | l | l | } \hline \text { Year } & \text { Price Index } \\\hline 2004 & 115.15 \\\hline 2005 & 124.65 \\\hline 2006 & 134 \\\hline 2007 & 145.12 \\\hline\end{array}$$ From the data, we can conclude that

• A) the inflation rate 2005 and 2006 was 7.5 percent.
• B) commodity substitution bias occurred over the four years.
• C) food and energy prices in Vietnam were increasing between 2004 and 2007.
• D) deflation occurred between 2005 and 2006 as price increased more slowly than in 2004.

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Definitions:

Relational Social Identities

Refers to the part of an individual's self-concept based on their relationships and membership in social groups, emphasizing the importance of social connections in defining oneself.

Group Setting

A social context where individuals interact with each other within a clearly defined collected or team, often to pursue shared objectives.

Minimal Group Paradigm

An experimental framework in social psychology demonstrating how even arbitrary group distinctions can lead to ingroup favoritism and outgroup discrimination.

Dyad

A group of two people, the smallest possible social group, involved in an interaction or relationship.