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

question 10

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 2007 as the base year, what is the consumer price index?

• A)52.66 in 2005, 84.25 in 2006, and 106.5 in 2007
• B)64.52 in 2005, 87.10 in 2006, and 100 in 2007
• C)52.66 in 2005, 90.89 in 2006, and 100 in 2007
• D)100 in 2005, 135 in 2006, and 155 in 2007

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Definitions:

Nurture

The influence of environmental factors on one's physical and psychological development, as opposed to genetic factors.

Skinner

B.F. Skinner, an American psychologist known for his work in behaviorism and the development of the theory of operant conditioning.

Language Acquisition

The method through which people develop the ability to notice, create, and apply words for the purposes of understanding and interaction.

Telegraphic Speech

A form of communication typical in young children, consisting of short and simple sentences.