Solve the Problem. -Suppose There Are 3 Roads Connecting Town a to Town

question 93

Multiple Choice

Solve the problem.
-Suppose there are 3 roads connecting town A to town B and 8 roads connecting town B to town C. In how many ways can a person travel from A to C via B?

• A) 64
• B) 9
• C) 11
• D) 24

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Definitions:

Real Value

The value of an object or service adjusted for inflation, representing its purchasing power.

Nominal Value

The face value of a financial instrument or an item's price in terms of money, without adjustment for inflation or other factors.

Price Level

The ongoing average price for the economy's produced goods and services.

Consumer Price Index

An indicator that calculates the weighted mean of the cost of a collection of consumer products and services, including transportation, food, and healthcare, employed to gauge inflation rates.