If 2016 Is the Base Year and the Price Index

question 39

Multiple Choice

If 2016 is the base year and the price index in 2017 is 90, prices in 2017 are _____ from prices in 2016.

• A) 1 percent higher
• B) 10 percent higher
• C) 10 percent lower
• D) 9 percent higher
• E) unchanged

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Definitions:

SDLC

Software Development Life Cycle, a process for planning, creating, testing, and deploying an information system.

Analysis

The detailed examination of elements or structure of something, typically as a basis for discussion or interpretation.

Investigation

The process of inquiring, analyzing, and researching to gather facts and information about a specific subject or activity.

Business Case

A documented argument or rationale for initiating a project or task, outlining the benefits, costs, and risks.