Figure:
Table1 Table2 The Numeric Values in Table2 Indicate the Number of Customers

question 29

Multiple Choice

Figure:
Table1
$$\begin{array} { | l | l | l | } \hline \text { Bank product } & \text { Location } & \text { Number-of-customers } \\\hline \text { Checking } & \text { USA } & 1,000,000 \\\hline \text { Checking } & \text { Europe } & 500,000 \\\hline \text { Checking } & \text { SE Asia } & 1,100,000 \\\hline \text { Checking } & \text { India } & 300,000 \\\hline \text { Savings } & \text { USA } & 700,000 \\\hline \text { Savings } & \text { Europe } & 400,000 \\\hline \text { Savings } & \text { SE Asia } & 900,000 \\\hline \text { Savings } & \text { India } & 800,000 \\\hline \text { Mutual funds } & \text { USA } & 300,000 \\\hline \text { Mutual funds } & \text { Europe } & \\\hline \text { Mutual funds } & \text { SE Asia } & 300,000 \\\hline \text { Mutual funds } & \text { India } & 80,000 \\\hline\end{array}$$
Table2
$$\begin{array} { | l | l | l | l | } \hline \text { Location } & \text { Checking } & \text { Savings } & \text { Mutual Funds } \\\hline \text { USA } & 1,000,000 & 700,000 & 300,000 \\\hline \text { Europe } & 500,000 & 400,000 & 200,000 \\\hline \text { SE Asia } & 1,100,000 & 900,000 & 300,000 \\\hline \text { India } & & & \\\hline\end{array}$$
The numeric values in Table2 indicate the number of customers.
-To have the data for Australia in Table1,you would:

• A) Add 4 new rows to Table1
• B) Add 1 new row to Table1
• C) Add 1 new column to Table1
• D) Add 1 new row and one new column to Table1

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, often used as an indication of inflation.

Base Year

A reference year used for comparative analysis, often in calculating economic indicators like indexes.

Absolute Change

The difference between the final value and the initial value of a quantity, without regard to the direction of change.

Price Level

A summary average of current prices for the full spectrum of goods and services in the economy.