Data for Selected Fruits Purchased at Wholesale Prices for 2005

question 29

Multiple Choice

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table. What is your interpretation of the Laspeyres price index?

• A)Value rose 9.4%.
• B)Value rose 79.1%.
• C)Value rose 12.7%.
• D)Value rose 12.0%.

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Definitions:

Antihypertensive Medications

Drugs prescribed to lower high blood pressure, helping to prevent the complications associated with hypertension such as heart attacks and strokes.

Unemployed

The state of being without a paid job but available to and seeking work, often used as a measure of the health of the economy.

Chaparral

A shrubland or heathland plant community found primarily in the U.S. Southwest and parts of Mexico, often characterized by drought-resistant, evergreen shrubs.

Hepatitis C

A viral infection that causes liver inflammation, sometimes leading to serious liver damage.