Table 16-3 the Table Below Pertains to Studious,an Economy in Which the Which

question 201

Multiple Choice

Table 16-3
The table below pertains to Studious,an economy in which the typical consumer's basket consists of 5 books and 10 calculators.

-Refer to Table 16-3.If 2006 is the base year,then the consumer price index was

• A) 100 in 2006,135 in 2007,and 155 in 2008.
• B) 100 in 2006,270 in 2007,and 310 in 2008.
• C) 200 in 2006,135 in 2007,and 155 in 2008.
• D) 200 in 2006,270 in 2007,and 310 in 2008.

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Definitions:

Margin Of Safety

The difference between actual or expected sales and sales at the break-even point; it measures the risk of incurring a loss.