Scenario: a Typical Resident of the Country of Univertopia Consumes

question 84

Multiple Choice

Scenario: A typical resident of the country of Univertopia consumes a simple basket of goods consisting of soda, pizza, and Frisbees. The base year's basket contains 500 sodas, 200 pizzas, and 40 Frisbees. The prices of these goods over 8 years are given in the table.

-Refer to the scenario above.Using 2014 as the base year,what is the Consumer Price Index for 2011?

• A) 89.8
• B) 98.4
• C) 111.4
• D) 115.0

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Definitions:

Purchase

The acquisition of goods or services in exchange for money, contributing to a company's expenses.

Consolidated Retained Earnings

The accumulated net income of a corporation and its subsidiaries after dividends have been paid out to shareholders.

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its purchase price, either as a profit or a deficit.

Share Issue

A process by which a company distributes new shares to shareholders, either as part of a public offering or a private placement.