The Following Table Provides the Values of the Simple Price

question 59

Multiple Choice

The following table provides the values of the simple price index for watches in a country. If the base year is revised from 2006 to 2007, which of the following is the updated index for 2008?

• A) 113.5
• B) 96.77
• C) 95.24
• D) 103.33

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Definitions:

Proposition

A declarative sentence that can be either true or false, expressing a fact or a statement.

Logic

The study of principles of valid reasoning and argument.

Statement

An assertion or declaration, either oral or written, that conveys information, opinions, or beliefs.

Subject

In philosophy, it refers to the entity that is the observer or experiencer of perceptions and thoughts.