Refer to Table 8

question 41

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 3.5%,what happened to the real price of camouflage neckties?

• A) The real price of camouflage neckties fell by 0.4%.
• B) The real price of camouflage neckties rose by 0.4%.
• C) The real price of camouflage neckties rose by 6.6%.
• D) The real price of camouflage neckties fell by 6.6%.

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Definitions:

Procrastination

The action of delaying or postponing tasks, often leading to stress, anxiety, and reduced productivity.

Underutilization

Refers to the failure to use something or someone to its fullest potential or capacity, often resulting in wasted resources or talents.

Time

A continuous, measurable sequence of events moving from past through present to future.

Group Accountability

The shared responsibility among members of a group for the outcomes or achievements of the group as a whole.