The CPI for "Personal Computers and Peripheral Equipment" in June

question 31

Multiple Choice

The CPI for "personal computers and peripheral equipment" in June 2006 was 10.7 (1982-1984 = 100) . Interpret this index.

• A)There was no significant increase in the price of "personal computers and peripheral equipment."
• B)The price of "personal computers and peripheral equipment" increased 10.7%.
• C)The price of "personal computers and peripheral equipment" decreased 89.3%.
• D)If the average price of a computer in 1982-1984 was $3,000,the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in June 2006 would be $893.

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Definitions:

Provincial Tax Brackets

The tiers of income ranges in Canadian provinces that determine the rate at which income is taxed, varying by province.

Cash Flow

The total net flow of cash transactions in and out of an enterprise, deeply affecting its liquidity quotient.

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and potentially a claim on its profits.

Millions

A numerical value representing one thousand thousands, or 1,000,000.