Suppose That the Retail Price Index Is Equal to 87

question 85

Multiple Choice

Suppose that the Retail Price Index is equal to 87 for 2015. If the base index (2012) had a value of 100, which of the following is likely to be true?

• A) On average, prices rose by 13 per cent since 2012.
• B) All prices fell by 13 per cent since 2012.
• C) All prices rose by 87 per cent since 2012.
• D) An average, prices fell by 13 per cent since 2012.

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Definitions:

4- To 6-Year-Old Children

A developmental stage where children are typically entering early childhood, marked by rapid physical, cognitive, and social growth.

School Schema

A cognitive framework or set of expectations derived from past experiences in educational settings, which influences understanding and behavior in school-related contexts.

Naptime

A scheduled period intended for rest or sleep, especially common during early childhood, to support health, mood, and cognitive function.

Organized

The quality or state of being systematically arranged or structured, especially for efficiency or easy access.