The Table Below Shows the Current and Base-Year Prices of Different

question 129

Multiple Choice

The table below shows the current and base-year prices of different goods in a market basket.
The table shows that the price of the market basket in the current year is _____ higher than the price of the market basket in the base year.
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Table 6.2
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$$\begin{array} { c c c c } \text { Product } & \begin{array} { c } \text { Quantity in } \\\text { market basket }\end{array} & \begin{array} { c } \text { Price in } \\\text { base year } ( \$ ) \end{array} & \begin{array} { c } \text { Price in } \\\text { current year } ( \$ ) \end{array} \\\hline \text { Bread } & 10 & 1.00 & 1.50 \\\text { Milk } & 5 & 1.00 & 2.00 \\\text { Gum } & 50 & 0.20 & 0.50\end{array}$$

• A)100 percent
• B)50 percent
• C)1 percent
• D)200 percent

Understand the stages of moral development according to Kohlberg.

Identify the characteristics and reasoning behind each stage of moral development.

Differentiate between preconventional, conventional, and postconventional levels of moral development.

Recognize the influence of societal rules and personal values on moral reasoning.

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Definitions:

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount increases, placing a higher burden on wealthier individuals.

National Parks

Protected areas of natural beauty and significance, managed by governments for conservational purposes and public enjoyment.

Economic Income

The total value of all earnings received over a period, including wages, profits, rents, and any gains from the sale or appreciation of assets.

Net Worth

The total assets minus total liabilities of an individual or entity, representing the value of their economic position.