The Table Below Shows Hypothetical Tuition Costs at a Canadian

question 26

Multiple Choice

The table below shows hypothetical tuition costs at a Canadian university. $$\begin{array}{l}\begin{array} { | l | l | } \hline \text { Year } & \text { Tuition } \\\hline 2005 & \$ 5000 \\\hline 2006 & \$ 5050 \\\hline 2007 & \$ 5100 \\\hline 2008 & \$ 5150 \\\hline 2009 & \$ 5200 \\\hline\end{array}\\\text { TABLE 2- } 1\end{array}$$
-Refer to Table 2- 1. Assume that 2005 is used as the base year, with the index number = 100. The value of the index number in 2009 is

• A) 96
• B) 1.04
• C) 0.96
• D) 100
• E) 104

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Definitions:

Richest 1%

The segment of the population that holds the largest share of wealth, often involved in significant economic and policy-making decisions.

Americans

Denotes the citizens or people of the United States of America.

Social Stratification

The hierarchical arrangement of society into different classes or groups based on factors like wealth, occupation, or race.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.