The Price of a TV Set Was $600 in 1999

question 35

Multiple Choice

The price of a TV set was $600 in 1999. In 2003 it was priced at $520. If the CPI in 1999 was 123 and 2003 is the base year, has the TV set become cheaper or more expensive in real terms in 2003?

• A)Real-dollar cost of the TV set has not changed.
• B)Real-dollar cost of the TV set has increased by 6.6%.
• C)Real-dollar cost of the TV set has decreased by 6.6%.
• D)Real-dollar cost of the TV set has decreased by 15.8%.
• E)Real-dollar cost of the TV set has increased by 15.8%.

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Alternative Medicine

Practices and treatments used in place of standard medical therapies, often lacking significant scientific validation.

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