If 2016 Is the Base Year and the Price Index

question 180

Multiple Choice

If 2016 is the base year and the price index in 2017 is 109, then prices in 2017 are _____ than prices in 2016.

• A) 1 percent higher
• B) 8 percent higher
• C) 9 percent higher
• D) 10 percent higher
• E) 12 percent higher

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Definitions:

Unconscious Patronization

Subtle, often unintentional, discriminatory behavior towards a marginalized group, influenced by unconscious biases.

Ingroup

A social group to which a person psychologically identifies as being a member, often leading to favoritism and loyalty towards the group.

Outgroup

A social group with which an individual does not identify, often leading to them being viewed as "them" in contrast with the "us" of the ingroup.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.