Consider the Following Information About the Price and the Price

question 48

Multiple Choice

Consider the following information about the price and the price index of a popular book over three years. If the price index in 2011 was 95 instead of 111.11,it would imply that _______________________________________.

• A) the price of the book in 2011 was 16.11% lower than its price in 2009
• B) 2011 would be considered as the base year
• C) the price of the book in 2011 was 5% lower than its price in 2009
• D) the price of the book in 2011 would be $4

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Definitions:

Motor Vehicle Emissions

The gases and particles released into the atmosphere as a result of the combustion of fuels in motor vehicles, contributing to air pollution and environmental harm.

Internal Combustion Engine

An engine in which the combustion of a fuel (normally fossil fuels) occurs with an oxidizer (usually air) in a combustion chamber.

Fuel Efficiency

A measure of how effectively a vehicle uses fuel, typically expressed in miles per gallon (mpg) or kilometers per liter (km/L).

Acid Deposition

The deposition of acidic components in rain, snow, or dry particles on the earth's surface, often originating from the emissions of sulfur dioxide and nitrogen oxides.