The CPI for "Personal Computers and Peripheral Equipment" in June

question 42

Multiple Choice

The CPI for "personal computers and peripheral equipment" in June 2006 was 10.7 (1982-1984 = 100) . Interpret this index.

• A) There was no significant increase in the price of "personal computers and peripheral equipment"
• B) The price of "personal computers and peripheral equipment" increased 10.7%.
• C) The price of "personal computers and peripheral equipment" decreased 89.3%.
• D) If the average price of a computer in 1982-1984 was $3000.00, the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in June 2006 would be $893.

---

Definitions:

Titular Democracies

Political systems that have the formal appearance of a democracy through elections and institutions, but lack substantive democratic practices, such as respect for civil liberties and genuine political competition.

Collective Freedoms

The rights and liberties shared by a community or society as a whole, facilitating the collective pursuit of well-being and common goals.

Economic Development

The process by which a country improves the economic, social, and political well-being of its people through growth and the efficient management of resources.

Social Classes

Categories of individuals in a society distinguished by relative position or status, often determined by wealth, occupation, education, or familial lineage.