From 2009 to 2013, the Price Level in the United

question 82

Multiple Choice

From 2009 to 2013, the price level in the United States increased by 8.3 percent. With 2009 as the base year, this implies that the price index in 2013 was _____

• A) 108.3.
• B) 183.
• C) 100.
• D) 98.3.
• E) 92.7.

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Definitions:

Mortgage Payable

A liability account showing amount owed on a mortgage.

Liquidity

A measure of the ease with which an asset can be converted into cash without significant loss in value.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Current Debt

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.