The Table Given Below Lists the Average Price Level in a Country

question 128

Multiple Choice

The table given below lists the average price level in a country for four consecutive years.
Table 7.2
$\begin{array}{c}\text { Price Data }\\\begin{array}{|c|c|}\hline \text { Year } & \text { Average Price Level } \\\hline 1992 & 1.000 \\1993 & 1.039 \\1994 & 1.064 \\1995 & 1.093 \\\hline\end{array}\end{array}$
-Refer to Table 7.2. What was the purchasing power of the dollar in 1995 relative to the base year 1992?

• A) 0.54
• B) 0.72
• C) 0.91
• D) 0.97
• E) 1.93

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Definitions:

Algorithm

A systematic procedure for solving a problem that works invariably when it is correctly applied.

Prototypes

The best or most typical example of a particular category or concept, often used as a basis for understanding or judgment.

Systematic Random Search Algorithm

An algorithmic approach that combines elements of randomness with a systematic strategy to solve optimization problems.

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Internal, covert activities of our minds, such as thinking, feeling, and remembering, that cannot be directly observed but inferred from behavior.