If 2011 Is the Base Year,the Bundle Price of Goods

question 31

Multiple Choice

If 2011 is the base year,the bundle price of goods in 2011 is $500,and the bundle price of goods in 2012 is $700,the 2012 price index is

• A)140.0.
• B)128.6.
• C)71.4.
• D)60.0.

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Definitions:

Achievement of Objectives

The successful attainment of specific goals or targets, typically within a set timeframe or as part of a larger plan.

Utilitarianism

A theory in moral philosophy that suggests actions are right if they are useful or for the benefit of a majority.

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