Table 6-5
This Table Pertains to an Economy with Only

question 58

Multiple Choice

Table 6-5
This table pertains to an economy with only two goods: books and calculators. The fixed basket consists of 5 books and 10 calculators.
$$\begin{array} { | l | c | c } \hline \text { Year } & \text { price of Bouks } & \text { price of Calculators } \\\hline 2011 & \$ 24 & \$ 8 \\\hline 2012 & \$ 30 & \$ 12 \\\hline 2013 & \$ 32 & \$ 15 \\\hline\end{array}$$
-Refer to the Table 6-5.Using 2013 as the base year,what is the consumer price index?

• A)52.66 in 2011, 84.25 in 2012, and 106.50 in 2013
• B)64.52 in 2011, 87.10 in 2012, and 100.00 in 2013
• C)52.66 in 2011, 90.89 in 2012, and 100.00 in 2013
• D)100.00 in 2011, 135.00 in 2012, and 155.00 in 2013

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Definitions:

Reconsolidation

A process by which previously consolidated memories are recalled and then stored again for long-term memory, potentially altering the memory.

Memory

The faculty by which the mind stores and remembers information.

Modification

The act of changing or altering something in order to improve it or to fit a specific requirement.

Stored Memories

Information or experiences that have been retained in the brain and can be recalled later.