Using 2008 as the Base Year, the Simple Price Index

question 115

Short Answer

Using 2008 as the base year, the simple price index for an algebra book in 2009 was computed to be 105. If the price of the book was $50 in 2009, compute the price in the base year.

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Definitions:

Plant Hormone

Naturally occurring organic compounds in plants that regulate growth, development, and responses to stimuli.

Rhodopsin

Visual purple; a light-sensitive pigment found in the rod cells of the vertebrate eye; a similar molecule is employed by certain bacteria in the capture of light energy to make ATP.

Signal Transduction

Signal transduction is the process by which a cell responds to external signals, converting them into cellular responses through a complex series of events.

Enzyme-Linked Receptor

A type of cell surface receptor that, upon binding to its ligand, activates an intrinsic enzymatic activity, leading to a cellular response.