If the Price Index for a Particular Year Is 110

question 21

Multiple Choice

If the price index for a particular year is 110, it implies that ________.

• A) prices have increased by 11% over the base year
• B) prices have increased by 10% over the base year
• C) prices have increased by 1.1% over the base year
• D) prices have increased by 0.10% over the base year

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Definitions:

Drug-Free Workplace Act

A U.S. federal law that requires some employers to maintain a work environment free from the illegal use of drugs.

Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay, recordkeeping, and child labor standards.

Vocational Rehabilitation Act

Federal legislation aimed at assisting individuals with disabilities in preparing for and engaging in gainful employment.

Equal Employment Opportunity Commission

The U.S. federal agency responsible for enforcing laws against workplace discrimination and advocating for equal opportunity employment.