Consider the Following Data on the Prices of Three Items,A,B,and

question 120

Multiple Choice

Consider the following data on the prices of three items,A,B,and C,from 2000 through 2002. Which of the following is the unweighted aggregate price index for the three items for 2002,using 2001 as the base year?

• A) 98.48
• B) 101.54
• C) 109.5
• D) 102.58

---

Definitions:

Imagery

The use of descriptive language to create visual representations of scenarios in the mind's eye, enhancing memory and understanding.

Elaboration

The process of adding more detail, explanation, or information.

Short-term Memory

A cognitive system with a limited capacity that is capable of temporarily holding information available for processing.

Memory-span Task

A memory-span task is a cognitive test used to measure the number of items, typically words or numbers, that an individual can hold and recall in short-term memory.