Table 24-2
the Following Table Pertains to Wiskancia, an Economy

question 131

Multiple Choice

Table 24-2
The following table pertains to Wiskancia, an economy in which the typical consumer's basket consists of 15 pounds of apples and 7 teddy bears.
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$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of Apples } \\\text { (Dollars per pound) }\end{array} & \begin{array} { c } \text { Price of Teddy bears } \\\text { (Dollars per toy) }\end{array} \\\hline 1 & 14 & 7 \\\hline 2 & 12 & 5 \\\hline 3 & 15 & 9 \\\hline\end{array}$$
-Refer to Table 24-2. If the base year is Year 1, then the CPI in Year 3 was

• A)120.5.
• B)-111.2.
• C)74.7.
• D)111.2.

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Definitions:

Purchase Order

A form that authorizes a purchase for the practice.

Authorizes Purchase

The act of giving official permission for acquiring goods or services, typically involving a formal approval process within organizations.

Payment Schedule

A plan detailing the dates and amounts of payments to be made for a debt or service over a specified period.

Speech Recognition Technology

Advanced software that enables devices to recognize, understand, and process the spoken word as a form of human-computer interaction.