The CPI for "Educational Books and Supplies" in June of 2006

question 19

Multiple Choice

The CPI for "educational books and supplies" in June of 2006 was 386.7 (1982-1984 = 100) . Interpret this index.

• A)There was no significant increase in the price of "educational books and supplies."
• B)The price of "educational books and supplies" increased 386.7 times.
• C)If the average price of a textbook in 1982-1984 was $25.00,the CPI for "educational books and supplies" would predict that the price of the textbook in June 2006 would be $71.68.
• D)If the average price of a textbook in 1982-1984 was $25.00,the CPI for "educational books and supplies" would predict that the price of the textbook in June 2006 would be $96.68.

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Definitions:

Butan-1-ol

A primary alcohol with the formula C4H9OH, where the hydroxyl group is attached to the first carbon of a four-carbon chain.

Ethers

Ethers are a class of organic compounds characterized by an oxygen atom connected to two alkyl or aryl groups.

Solvents

Liquids capable of dissolving or dispersing one or more other substances.

Organic Reactions

Chemical reactions involving organic compounds.