TABLE 16-14
Given Below Are the Average Prices for Three

question 74

Short Answer

TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
$$\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}$$
-Referring to Table 16-14, what are the simple price indexes for electricity, natural gas and fuel oil, respectively, in 1996 using 1992 as the base year?

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Definitions:

Reflex Response

An automatic, involuntary reaction to a specific stimulus without conscious control, such as blinking in response to a puff of air.

Classical Conditioning

An associative learning process in which two stimuli are paired repeatedly, causing a response that initially comes from the second stimulus to eventually come from the first stimulus alone.

Operant Conditioning

A learning process by which the strength of a behavior is modified by reinforcement or punishment.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without any need for prior learning or conditioning.