Perform This Long Division Problem Without a Calculator

question 169

Multiple Choice

Perform this long division problem without a calculator:

• A)20.5
• B)2.5
• C)0.205
• D)2.05

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Definitions:

Income

Money received on a regular basis from work, property, investments, business ventures, and other sources, used to fund consumption and savings.

Laspeyres Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the same type and quantity over time.

Prices

The amounts of money required to purchase goods or services, setting the economic value of said goods or services in the market.

Consumption Bundle

A combination of goods and services that a consumer chooses to consume.