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.

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Definitions:

Meaning of Work

The significance or purpose that individuals attribute to their work, often in terms of its value, satisfaction, and impact on their identity.

Technocentric

An ideology or perspective that prioritizes technology and its development as central to societal progress and human well-being.

Anthropocentric

Refers to a viewpoint that considers human beings as the central or most significant species on the planet, often at the expense of the environment or other species.

Sociotechnical Systems

An approach considering the interaction between people and technology in workplaces, emphasizing the importance of both social and technical elements in designing systems.