Use the Table Below to Answer the Following Questions

question 33

Multiple Choice

Use the table below to answer the following questions.
Table 21.3.1
Suppose a simple economy produces three goods only.
The price and output data for some selected years are shown below.

-Refer to Table 21.3.1.The reference base period is 2002.Which one of the following statements is true?

• A)From 2002 to 2012, the cost of the market basket rose by 58 percent.
• B)It costs 158 times more in 2012 than it does in 2002 to buy the same market basket.
• C)All prices have risen by the same amount.
• D)The inflation rate in 2012 is greater than the inflation rate in 2002.
• E)The inflation rate in 2002 is greater than the inflation rate in 2012.

---

Definitions:

Executive Coaching

A tailored personal development process for high-level professionals aimed at enhancing leadership, decision-making, and management skills.

Weekly

Pertaining to or occurring every week, often used to describe regular meetings, reports, or schedules that recur on a weekly basis.

Biweekly

Occurring every two weeks or twice a week, depending on the context.

Developmental Assessment Centers

Facilities or programs that evaluate individuals' skills, abilities, and potential for personal and professional growth.