Assume an Economy That Is Producing Only One Product

question 163

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { Units of Output } & \text { Price Per Unit } \\\hline 1 & 20 & \$ 4 \\\hline 2 & 25 & 4 \\\hline 3 & 30 & 6 \\\hline\end{array}$$ Assume an economy that is producing only one product. Output and price data for a three-year period are shown in the table. If year 2 is chosen as the base year, the price index for year 1 is

• A) 80.
• B) 100.
• C) 120.
• D) 20.

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Guidelines and decisions regarding the recruitment, selection, training, and development of staff within an organization.

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The process of gathering, analyzing, and using information about trends, events, and relationships in an organization's external environment.

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