Suppose a Basket of Goods and Services Has Been Selected

question 77

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI and 2004 has been selected as the base year. In 2002, the basket's cost was $50; in 2004, the basket's cost was $52; and in 2006, the basket's cost was $54.60. The value of the CPI in 2006 was

• A)91.6.
• B)95.2.
• C)105.0.
• D)109.2.

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Definitions:

Human Resources

A department within an organization that is focused on managing employee-related processes including recruitment, training, and benefits.

Inappropriate Advances

Unwanted and often offensive gestures or remarks, typically of a sexual nature.

Organizational Power

The degree of influence or control one has within an organization, often related to one's position or role.

Reward Power

Power arising from the ability to grant favors, money, or other rewards.