Refer to Table 8

question 7

Multiple Choice

$$\begin{array}{l}\begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Increase since } \\\text { Last Year }\end{array} \\\hline \text { Amusement park tickets } & 5.0 \% \\\hline \text { Bowling balls } & 4.2 \% \\\hline \text { Camouflage neckties } & 3.1 \% \\\hline\end{array}\\\text { Table } 8.1\end{array}$$ Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 4.5%,which of the following statements is true?

• A) The real price of all three goods increased.
• B) The real price of amusement park tickets rose, and the real price of bowling balls and camouflage neckties fell.
• C) The real price of amusement park tickets fell, and the real price of bowling balls and camouflage neckties rose.
• D) The real price of all three goods decreased.

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Definitions:

Free-Floating

A term often used to describe anxiety that is not attached to any specific object or situation but is pervasive and chronic.

Stress Hormones

Biochemical substances, such as cortisol and adrenaline, that are released into the body in response to stress, affecting various physical functions.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm cells, making them genetically similar to siblings born at different times.

Identical Twins

Twins who originate from the same fertilized egg, sharing identical genetic makeup.