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:

Cerebellum

A region of the brain that plays a significant role in motor control, coordination, and balance.

Left Hemisphere

The half of the brain that is typically responsible for language, analytical thought, and logical reasoning in most individuals.

Mathematical Computation

The process of performing mathematical operations to solve problems or derive new information.

Discrimination

Unjust treatment or consideration of different categories of people, especially based on race, age, or sex.