Use the Table Below to Answer the Following Questions

question 13

Multiple Choice

Use the table below to answer the following questions.
Table 5.3.1
Suppose a simple economy produces three goods only.The price and output data for two years are shown below.

-Refer to Table 5.3.1.The reference base period is 2002.The CPI in 2002 is

• A)158.
• B)96.
• C)63.
• D)100.
• E)1,340.

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Definitions:

Financial Information

Data regarding the financial status of an entity, including income, expenses, assets, liabilities, and equity, often used for analysis.

Competitors

Entities or businesses competing in the same industry or market for customers.

Focus Group

Data-collection tool in which a moderator engages a small group of people as they discuss a particular topic or concept with each other in a spontaneous way.

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A laundry product added during the rinse cycle to make clothes feel softer, reduce static cling, and impart a pleasant scent.