If the Year 2000 Is Used as a Base Year

question 20

True/False

If the year 2000 is used as a base year and the value of the price index in 2001 is 105, it implies that there was a 5% increase in the price level in 2001.

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Definitions:

Chiefdoms

A form of hierarchical political organization in non-industrial societies usually based on kinship, and led by a chief.

Hereditary

Relating to characteristics, properties, or conditions that are passed from parents to their offspring through genes.

Natural Selection

The evolutionary process through which factors in the environment exert pressure, favoring some individuals over others to produce the next generation.

Combat

A situation where armed conflict or fighting occurs between entities such as nations, states, or other organized groups or between individuals.