Table 11-6 -Refer to Table 11-6

question 17

Multiple Choice

Table 11-6. The table below applies to an economy with only two goods - hamburgers and hot dogs. The fixed basket consists of 4 hamburgers and 8 hot dogs. $$\begin{array} { l c c } \hline \text { Year } & \text { Priee of hamburegers } & \text { Prife of hat doges } \\\hline 2009 & \$ 5.00 & \$ 3.00 \\2010 & 5.50 & 3.30 \\2011 & 5.61 & 3.63 \\\hline\end{array}$$
-Refer to Table 11-6. If the base year is 2009, then the consumer price index is

• A)100 in 2009, 109 in 2010, and 115 in 2011.
• B)100 in 2009, 110 in 2010, and 117 in 2011.
• C)110 in 2009, 121 in 2010, and 128.26 in 2011.
• D)44 in 2009, 48.4 in 2010, and 51.48 in 2011.

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Definitions:

Earnings Per Share

Earnings per share (EPS) is a financial metric that represents the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of a company's profitability.

Net Income

The amount of profit a company has left over after all expenses and taxes are deducted from total revenue.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including restricted shares owned by the company’s officers and insiders as well as those held by the public.

Liquid Assets

Assets that can be quickly converted into cash without significant loss of value, facilitating financial flexibility.