Table 6.2 the Following Table Lists the Basket of Goods in the in the

question 5

Multiple Choice

Table 6.2
The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2010 is the base year.)

-Using the information in Table 6.2, the Astro Consumer Price Index for 2012 is

• A) 87.
• B) 104.
• C) 131.
• D) 298.

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Definitions:

Semi-Annually Compounded

Pertaining to the interest calculation method where the interest is compounded and added to the principal amount twice a year.

Compounded Annually

The process of earning interest on both the initial principal and the accumulated interest from previous periods on an annual basis.

Compounded Annually

The calculation of interest on the initial principal and the interest accumulated over the previous periods once a year.

Guaranteed Investment Certificate

A secure investment that guarantees to return the principal amount plus interest at a specified rate.