Last Year the Price of a Dozen Eggs Was $1

question 238

Multiple Choice

Last year the price of a dozen eggs was $1, and this year the price is $1.30. Which of the following does NOT express this price change accurately?

• A) The price increased 30 percent.
• B) The price increased by 30 cents.
• C) If last year was the base year, the index number for this year would be 130.
• D) If this year is the base year, the index number for last year would be 130.

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Definitions:

Fundamental Principle

A basic, essential rule or concept that serves as the foundation for a system of belief, behavior, or reasoning.

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history, known for his works on ethics, politics, logic, and science.

Consequentialists

Ethical theorists who believe that the morality of an action is determined by its outcomes or consequences, rather than by the action itself or any set of rules.

Deontologists

Ethical theorists who believe that the morality of an action depends on its adherence to rules or duties, rather than its consequences.