The Value of the Consumer Price Index Increased from 140

question 103

True/False

The value of the consumer price index increased from 140 to 147 during 2006. Nathan opened a bank account at the beginning of 2006, and at the end of 2006 his account balance was $12,840. The purchasing power of Nathan's account increased by 2 percent during the year. We can conclude that Nathan opened his account with a deposit of $11,500 at the beginning of 2006.

---

Definitions:

Conscience

The part of the mind that informs a person of the moral quality of their actions, guiding towards right and wrong.

Developmental Level

The stage of growth or progression in physical, emotional, intellectual, or social development typical for a certain age or group.

Superego

In psychoanalytic theory, the part of the personality responsible for the internalization of societal and parental standards of conduct, operating on the morality principle.

Fixation

According to Freud, a condition in which the id, ego, and superego do not mature properly and are frozen at an early stage of development.