-The Data in the Table Above Shows the Consumption by }

question 36

Multiple Choice

$$\begin{array} { c c c c } \text { Item } & \begin{array} { c } \text { Quantity } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2010 ) \end{array} \\\hline \text { Salt } & 2 & \$ 1.00 & \$ 2.00 \\\text { Bread } & 20 & \$ 2.50 & \$ 3.00 \\\hline\end{array}$$
-The data in the table above shows the consumption by families in a small (poor) economy.The families consume only salt and bread.The reference base period is 2009.The CPI in 2010 is

• A) 100.
• B) 118.8
• C) 123.1
• D) 23.1
• E) 18.8

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Definitions:

Recency Errors

A bias in evaluation where the most recent information or events are given more weight than earlier data.

Human Factors Psychologists

Specialists who study how people interact with machines and technologies in order to design safer and more efficient systems and products.

Organizational Psychologists

Professionals who apply psychological principles and research methods to the workplace to improve productivity, health, and the quality of work life.

Personnel Psychologists

Psychologists who specialize in addressing workplace issues, including hiring practices, employee evaluation, and organizational development.