The Following Data on Prices and Quantities for the Years

question 113

Essay

The following data on prices and quantities for the years 1995 and 2000 are given for three products. $$\begin{array} { c c c c c c } \text { Product } & 1995 \text { Price } & \text { Quantity } & \text { Product } & 2000 \text { Price } & \text { Quantity } \\\mathrm{X} & \$ 4 & 10 & \mathrm{X} & \$ 8 & 15 \\\mathrm{Y} & \$ 8 & 15 & \mathrm{Y} & \$ 6 & 10 \\\mathrm{Z} & \$ 3 & 8 & \mathrm{Z} & \$ 4 & 12\end{array}$$
-Calculate the year 2000 simple price index for each product separately.

---

Definitions:

Deep Processing

A method of learning in which material is examined and understood at a deep, meaningful level, leading to better retention.

Elaboration

The process of adding more information to existing memories, making those memories more detailed and interconnected.

Mental Imagery

The practice of creating representations of objects or events in the mind, often used in visualization techniques for personal development or therapy.

Encoding Process

The initial learning of information; transforming sensory input into a form or code that can be stored in the memory.