Assuming a Price Index Calculated 104

question 28

Multiple Choice

Assuming a price index calculated 104.5 in 2013,compared with 100 in 2012,for a bundle of goods,what is the current purchasing power of every dollar,compared to 2012?

• A) 95.5 cents in every dollar, on average
• B) 95.69 cents in every dollar, on average
• C) 96.5 cents in every dollar, on average
• D) $1.045 in every dollar, on average

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Definitions:

Traditional Ways

Practices and customs that have been passed down through generations within a culture or community.

Transitional Expression

Words or phrases used to link sentences and paragraphs together, smoothing the flow of writing and guiding the reader's understanding of the text.

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A style of skateboarding that involves performing tricks and navigating obstacles in urban environments as opposed to in a skatepark.

Vert Skateboarding

A style of skateboarding that involves riding on a ramp or an incline and performing tricks in the air on the vertical portion of the ramp.