The Price of a Certain Amount of Goods and Services

question 55

Multiple Choice

The price of a certain amount of goods and services a year back was $200.If price increased by 4 percent during the year, how much money is required to buy the same amount of goods today?

• A)$208
• B)$204
• C)$400
• D)$404

---

Definitions:

Variable Groups

Identifiable segments or categories within a study or dataset that are manipulated or categorized for analysis.

Hydrophilic

Having an affinity for water; substances or molecules that are miscible with or soluble in water.

Side Chain

A group of atoms attached to the main part of a molecule, providing specific chemical properties to amino acids in proteins.

Chemical Properties

Characteristics of a substance that become evident when it undergoes a chemical change or reaction, such as acidity or combustibility.