If 2015 Is the Base Year, the Bundle Price of Goods

question 22

Multiple Choice

If 2015 is the base year, the bundle price of goods in 2015 is $500, and the bundle price of goods in 2016 is $700, the 2016 price index is

• A) 140.0.
• B) 128.6.
• C) 71.4.
• D) 60.0.

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Definitions:

Partnership

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.

Legal Status

The standing of an entity or individual under the law, determining their rights, responsibilities, and liabilities.

Volunteer Work

involves performing tasks or providing services for the benefit of others or the community, without financial compensation.

Partnership Property

Assets co-owned by partners in a business partnership, where each partner has an interest in these assets in relation to their investment or agreement.