Table 24-10 The Table Below Shows the Prices of Baseballs and Baseball

question 502

Multiple Choice

Table 24-10
The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats.
-Refer to Table 24-10. If 2008 is the base year, then the consumer price index was

• A)100.00 in 2008, 110.03 in 2009, and 117.43 in 2010.
• B)100.00 in 2008, 110.03 in 2009, and 129.20 in 2010.
• C)100.00 in 2008, 117.00 in 2009, and 132.50 in 2010.
• D)169.50 in 2008, 186.50 in 2009, and 219.00 in 2010.

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Definitions:

Economic Depression

A long-term downturn in economic activity characterized by high unemployment, scarce credit, reduced output and investment, and deflation.

Great Uprising

Refers to a significant revolt or movement, often in a social or political context, that leads to profound change or upheaval.

Wage Cuts

Reductions in the amount of pay that employees receive, often implemented by employers during financial difficulties.

Central Conflict

The primary disagreement or challenge that drives the narrative or situation.