If the Price Index in 2015 Was 238, the Purchasing

question 4

Multiple Choice

If the price index in 2015 was 238, the purchasing power of a dollar measured in terms of the base year was _____

• A) $2.38.
• B) $0.24.
• C) $0.42.
• D) $4.20.
• E) $1.00.

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Definitions:

Crowd Sourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from the online community, rather than from traditional employees or suppliers.

Brand Equity

The value and strength of a brand that determines its worth, based on the consumer’s perception, recognition, and loyalty.

Franchisers

Businesses that allow individuals or entities (franchisees) to operate a branch of their company, using the brand and business model, in exchange for fees or a share of the profits.