Table 6-5 The Table Below Pertains to an Economy with Only Two

question 38

Multiple Choice

Table 6-5
The table below pertains to an economy with only two goods-books and calculators. The fixed basket consists of 5 books and 10 calculators.

-Refer to Table 6-5. Using 2005 as the base year, what is the consumer price index?

• A)100 in 2005, 135 in 2006, and 155 in 2007
• B)100 in 2005, 270 in 2006, and 310 in 2007
• C)200 in 2005, 270 in 2006, and 310 in 2007
• D)200 in 2005, 540 in 2006, and 620 in 2007

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Definitions:

Organizations

Groups of people structured and managed to meet a need or to pursue collective goals on a continuing basis.

Feedback Orientation

An individual's overall receptivity to feedback, reflecting their attitude and response towards receiving performance-related information.

MUM Effect

The tendency to avoid communicating unfavorable news or information, thereby withholding important or critical feedback.

Supportive Communication

A way of speaking that is empathetic, listens actively, and encourages positive and constructive feedback.