Consider the Following Information About the Price and the Price

question 2

Multiple Choice

Consider the following information about the price and the price index of a popular book over three years. Which of the following is the correct statement?

• A) The price of the book increased by 3.11% between 2010 and 2011.
• B) If 2011 was the base year,the price index for the book in 2009 would have been 90.
• C) Between 2009 and 2011,the price of the book went up by 11.11%.
• D) If 2010 was the base year,the price index in 2009 would have been 99.28.

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Definitions:

Limited Liability Company

An organizational form blending a corporation's limited liability feature with the pass-through tax benefits of a partnership or sole proprietorship.

Manager Liability

The responsibility and potential legal accountability of managers for actions taken within the scope of their managerial roles.

Limited Liability Company

A corporate structure that integrates the limited liability characteristic of a corporation with the tax-pass-through trait of sole proprietorships or partnerships.

Aggregate

A total or sum made from individual parts.