Suppose a Basket of Goods and Services Has Been Selected

question 48

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI and 2002 has been chosen as the base year. In 2002, the basket's cost was $75.00; in 2004, the basket's cost was $79.50; and in 2006, the basket's cost was $85.86. The value of the CPI was

• A)100 in 2002.
• B)106 in 2004.
• C)114.48 in 2006.
• D)All of the above are correct.

---

Definitions:

Self-Concepts

Ideas and beliefs about oneself, including one's identity, traits, and abilities, that shape self-perception.

Middle Childhood

A stage of development that spans from approximately 6 to 12 years of age, marked by significant growth in cognitive, emotional, and social skills.

Adolescents

Young people transitioning from childhood to adulthood, typically ranging in age from 13 to 19 years.

Extrinsic Motivation

The drive to perform actions based on external rewards or to avoid negative outcomes, rather than for intrinsic satisfaction.