Last Year the Price of a Dozen Eggs Was $1

question 238

Multiple Choice

Last year the price of a dozen eggs was $1, and this year the price is $1.30. Which of the following does NOT express this price change accurately?

• A) The price increased 30 percent.
• B) The price increased by 30 cents.
• C) If last year was the base year, the index number for this year would be 130.
• D) If this year is the base year, the index number for last year would be 130.

---

Definitions:

Geographical Location

The specific physical place where something exists, which can influence various aspects like lifestyle, job opportunities, and business operations.

Extractive Industries

Sectors involved in the extraction of natural resources from the earth, such as mining, oil, and gas.

National Wealth

The total value of a nation's assets and resources, often used as a measure of the country's economic health.

Organizational Goals

The strategic objectives that an organization aims to achieve, which guide its operations and are critical for its success.