Assuming Food and Beverages Make Up About 15% of Total

question 80

Multiple Choice

Assuming food and beverages make up about 15% of total expenditures and food and beverage prices rise by 10% while the other components of the price index remain constant, approximately by how much will the price index rise?

• A)1%.
• B)1.5%.
• C)15%.
• D)25%.

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Definitions:

Discipline

The practice of training oneself to follow rules or a code of behavior, often using self-control or punishment to correct disobedience.

Disciplined

Exhibiting self-control and a commitment to following rules or a strict regime, often in the pursuit of a goal or maintaining order.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's job or role.

Creative

Possessing the ability or skill to create new and original ideas, products, or solutions.