Assume That There Was a 10 Percent Increase in the Price

question 404

Multiple Choice

Assume that there was a 10 percent increase in the price of all goods in 2010; if the base year is 2009, then the price index in 2010 will be

• A) 90.
• B) 110.
• C) 200.
• D) 1100.

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Definitions:

Interest Income

Revenue earned from investments in interest-bearing financial instruments, such as bonds, savings accounts, or loans.

Eligible Dividends

Dividends that are qualified for special tax treatment under certain jurisdictions.

Tax Paid

The amount of money paid to the government as a result of taxable activities, such as income earned or goods sold.

Ending Fixed Assets

The value of a company's physical assets, such as property, buildings, and machinery, at the end of an accounting period.