The Following Table Shows the Rate of Oil Consumption (In

question 91

Multiple Choice

The following table shows the rate of oil consumption (in thousands of barrels per year) by a certain city. Estimate the total consumption of oil by the city from 1999 -2004 by using 5 equal subdivisions and left-hand endpoints to estimate the area under the graph that corresponds to the table from 1999 to 2004.

• A) 17.704 thousand barrels
• B) 16.632 thousand barrels
• C) 16.816 thousand barrels
• D) 17.546 thousand barrels
• E) 15.689 thousand barrels

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate the economy's inflation rate.

Inflation Rate

The annual percentage increase in the general price level of goods and services, reflecting the rate at which the purchasing power of currency is eroded.

Market Basket

A fixed list of items, used to track the progress of inflation in an economy or to compare costs of living.

CPI

Refers to the Consumer Price Index, a metric that calculates the weighted average price of a selection of consumer items and services including food, medical care, and transportation.