Suppose a Report from the Bureau of Labor Statistics States

question 99

Multiple Choice

Suppose a report from the Bureau of Labor Statistics states that the CPI for the year 2012 was 152.What is the percentage point increase in the prices of the goods and services since the reference base period?

• A)152 percent
• B)52 percent
• C)100 percent
• D)48 percent
• E)252 percent

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Definitions:

Universal Generalization

A form of deductive reasoning that concludes a general statement is true for all instances based on the observation of particular instances.

Quantifier Negation

The process of negating the quantifiers in a statement, such as changing "all" to "not all" or "some" to "none".

Existential Generalization

A logical operation that infers the existence of at least one member of a domain that satisfies a certain property from a specific case.

Existential Instantiation

A logical principle that derives the existence of a particular instance of a predicate within a domain of discourse from a general statement.