Table 6-5 This Table Pertains to an Economy with Only Two Goods

question 63

Multiple Choice

Table 6-5
This table pertains to an economy with only two goods: books and calculators.The fixed basket consists of 5 books and 10 calculators.
-Refer to the Table 6-5.Using 2015 as the base year,what is the consumer price index?

• A) 52.66 in 2015,84.25 in 2014,and 106.50 in 2015
• B) 64.52 in 2015,87.10 in 2014,and 100.00 in 2015
• C) 52.66 in 2015,90.89 in 2014,and 100.00 in 2015
• D) 100.00 in 2015,135.00 in 2014,and 155.00 in 2015

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Definitions:

Tracers

Substances used in medical and biological research to track the passage of substances through systems.

Biological Processes

Complex sequences of actions or changes happening in living organisms, necessary for their survival, growth, and reproduction.

Ionic Bond

A chemical bond formed between two atoms when one atom transfers an electron to another, leading to the attraction between positively and negatively charged ions.

Hydrogen Bond

An insubstantial attachment between two molecules produced by the electrostatic allure between a proton of one molecule and an electronegative atom of the other.