If 2008 Is the Base Year and the Price Index

question 95

Multiple Choice

If 2008 is the base year and the price index in 2009 is 109,prices in 2009 are _____ than prices in 2008.

• A)1 percent higher
• B)8 percent higher
• C)9 percent higher
• D)0.9 percent higher
• E)12 percent higher

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs. It is used to cover fixed costs and generate profit.

Positive Deviation

An instance where performance or results exceed the expected standards or averages, often interpreted as an improvement or success.

SWOT Analysis

A strategic planning technique used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats.

Statistical Linear Trend Analysis

A technique used in statistics to model and analyze the relationship between variables and a continuous outcome over time.