Using 2008 as the Base Year, the Simple Price Index

question 115

Short Answer

Using 2008 as the base year, the simple price index for an algebra book in 2009 was computed to be 105. If the price of the book was $50 in 2009, compute the price in the base year.

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Definitions:

Exposure

The state of being subjected to something, such as an idea, condition, or influence, often used in marketing to describe contact with advertising.

Arousal

A state of heightened physiological activity or alertness, often driven by emotional, physical, or mental stimuli.

Sensory Systems

The parts of the body involved in the reception and processing of sensory information from the environment, enabling perception.

Colour-Blind

The inability to perceive differences between some of the colors that others can distinguish.