Table 24-8 The Table Below Relates to the Economy of Mainland, Where

question 443

Multiple Choice

Table 24-8
The table below relates to the economy of Mainland, where the typical consumer's market basket consists of 2 televisions and 300 hamburgers.
-Refer to Table 24-8. If the base year is 2013, then the consumer price index was

• A)80 in 2013, 100 in 2014, and 60 in 2015.
• B)100 in 2013, 300 in 2014, and -100 in 2015.
• C)180 in 2013, 200 in 2014, and 160 in 2015.
• D)100 in 2013, 111.1 in 2014, and 88.9 in 2015.

---

Definitions:

Income Earned

The total amount of money received by an individual or entity as a result of employment, investments, or other sources over a certain period.

Capital Stock

The total amount of physical and financial assets owned by a company, including buildings, machinery, and equity investments.

Interest Income

Income earned through the lending of money or from deposit funds in bank accounts and other financial instruments.

Long Span

A term typically referring to an extensive period or duration, often used in the context of construction (for structures with large distances between supports) or careers (lengthy professional life).