Table 16-6

question 5

Multiple Choice

Table 16-6.The table below applies to an economy with only two goods - hamburgers and hot dogs.The fixed basket consists of 4 hamburgers and 8 hot dogs.

-Refer to Table 16-6.If the base year is 2009,then the economy's inflation rate is

• A) 10 percent in 2010 and 6.36 percent in 2011.
• B) 10 percent in 2010 and 17 percent in 2011.
• C) 9.2 percent in 2010 and 6 percent in 2011.
• D) 8.22 percent in 2010 and 5 percent in 2011.

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Definitions:

Multiplication Law

A probability rule that states the probability of two events occurring together is the product of the probabilities of the events happening independently.

Stock Price Manipulations

The practice of artificially inflating or deflating the price of stocks through misleading statements, rumors, or trades, often used to achieve profits at the expense of regular investors.

Excessive Compensation

The term refers to inordinately high payments or salaries, often discussed in the context of corporate executives and the potential impact on business ethics and inequality.

Technology Company

A business entity focused on the development, production, and marketing of technology products or services, including software, hardware, and digital platforms.