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Exhibit 19-3

question 90

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Exhibit 19-3.Consider the following information about the price and the price index of a popular book over three years. Exhibit 19-3.Consider the following information about the price and the price index of a popular book over three years.   Refer to Exhibit 19-3.If the price index in 2011 was 95 instead of 111.11,it would imply that: A) the price of the book in 2011 was 16.11% lower than its price in 2009. B) 2011 would be considered as the base year. C) the price of the book in 2011 was 5% lower than its price in 2009. D) the price of the book in 2011 would be $4. Refer to Exhibit 19-3.If the price index in 2011 was 95 instead of 111.11,it would imply that:

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Definitions:

Increase

A rise or growth in numbers, value, or amount.

Population

The total number of people inhabiting a particular area or country.

Percent Higher

A measure or calculation showing how much one value is increased compared to another, expressed as a percentage.

Stock

Equity investments representing ownership in a corporation, giving holders a claim on part of the company's assets and earnings.

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