Evaluate or Simplify the Expression Without Using a Calculator $\log 1000$

question 207

Multiple Choice

Evaluate or simplify the expression without using a calculator.
- $\log 1000$

• A) 3
• B) \(\frac { 1 } { 3 }\)
• C) \(\frac { 3 } { 10 }\)
• D) 30

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Definitions:

Paasche Price Index

A price index that measures the price changes between the current and a base period, weighted by the current period's spending patterns.

Goods Double

A situation where the quantity of goods available or produced doubles without a change in quality.

Laspeyres Price Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the type consumed during a base period.

Prices Increase

A situation where the cost of goods and services rises over a period, reducing purchasing power.