If the Year_t Quarter_q Actual Value Is 9,885 and the Corresponding

question 33

Multiple Choice

If the Year_t Quarter_q actual value is 9,885 and the corresponding Year_t Quarter_q seasonal index is 97.75, then the Year_t Quarter_q deseasonalized value is ______.

• A)222.41
• B)9,662.59
• C)9,775.00
• D)10,083.18
• E)10,112.53

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Definitions:

Opportunity Cost

The worth of the best option that was given up to make a choice.

Leisure

Free time when one is not working or occupied; time available for ease, relaxation, and activities one enjoys.

Substitution Effect

Changes in what consumers purchase, brought about by alterations in the relative costs of goods, persuading consumers to opt for alternatives over their usual choices.

Income Effect

The correlation between income changes in an economy or for individuals and their effect on the quantity of goods and services demanded.