Suppose That 1999 Is the Base Year and the Price

question 156

Multiple Choice

Suppose that 1999 is the base year and the price index for 2008 is 130. A basket of goods that is valued $450 in 2008 would cost _______ in 1999.

• A) $4203
• B) $346
• C) $320
• D) $585

---

Definitions:

Input

The information, ideas, or material provided or utilized for processing or production purposes.

Workplace Creativity

The ability of employees to generate innovative ideas and solutions within the work environment.

Humor

A quality of being amusing or entertaining, often expressed through jokes, satire, or playful behavior.

Problems

Situations, questions, or conditions perceived as unwelcome or harmful and needing to be dealt with and overcome.