Following Is Data for a Hypothetical Economy

question 175

Multiple Choice

Following is data for a hypothetical economy.The base year is 2002 (Price index = 100) .

-Refer to the above data.From 2005 to 2006,prices rose by approximately:

• A) 2 percent.
• B) 4.2 percent.
• C) 6 percent.
• D) 7 percent.

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Definitions:

Price

The monetary value attached to a product or service, determined by the interaction of supply and demand.

Law Office Filing System

An organized method of storing and managing legal documents and case files within a law office.

Safeguard Legal Documents

Measures taken to protect important legal papers from damage, loss, or unauthorized access.

Preserve Confidentiality

To protect information from being disclosed to unauthorized parties, ensuring that privacy and secrecy are upheld.