Use the Following Information to Answer the Questions
Thirty $\quad$

question 40

Multiple Choice

Use the following information to answer the Questions
Thirty board members must vote on five candidates: X, Y, Z, U, and V. Their preference rankings are summarized in the table below. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of students }$
$\begin{array} { l c c c } & 12 & 10 & 8 \\\text { First choice } & \mathrm { X } & \mathrm { Y } & \mathrm { Z } \\\text { Second choice } & \mathrm { U } & \mathrm { Z } & \mathrm { U } \\\text { Third choice } & \mathrm { Y } & \mathrm { X } & \mathrm { X } \\\text { Fourth choice } & \mathrm { Z } & \mathrm { U } & \mathrm { V } \\\text { Fifth choice } & \mathrm { V } & \mathrm { V } & \mathrm { Y }\end{array}$
-Find the winner using sequential pairwise voting with the agenda X, Y, Z, U, V.

• A) X
• B) Z
• C) U
• D) V

---

Definitions:

Inflation Rate

The measure of how rapidly the general price point of goods and services escalates, which in turn diminishes the power to buy.

Consumer Price Index

A metric that calculates the mean fluctuation over time in the amounts urban consumers spend on a specified collection of consumer goods and services.

Purchasing Power

How much goods or services can be bought with one unit of money, indicating the currency's value.

Real Interest Rates

This is the interest rate after inflation adjustment, demonstrating the true cost of loans or the actual gains from savings accounts.