Consider the Following Data on the Prices of Three Items

question 1

Multiple Choice

Consider the following data on the prices of three items, A, B, and C, from 2000 through 2002. Compute the unweighted price index for the three items for 2002, using 2000 as the base year.

• A) 98.26
• B) 98.48
• C) 109
• D) 101.46

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Definitions:

Vertigo

A medical condition causing a feeling of spinning or loss of balance, often linked to vestibular system disorders.

Cholesteatoma

An abnormal, noncancerous growth in the middle ear that can lead to hearing loss and other complications if not treated.

Vesicles

Small fluid-filled sacs on the skin, often caused by viral infections like chickenpox or shingles.

Auricle

Another term for the outer part of the ear; it helps in directing sound waves into the ear canal.