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:

Principle of Opposites

A concept suggesting that everything has an opposite and that the conflict between opposites is a fundamental aspect of human experience.

Motivator

An internal or external factor that stimulates desire and energy in individuals to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Behavior

Observable actions or reactions of an individual or system, often analyzed in psychology to infer motives or psychological states.

Generator

A machine or device that converts mechanical energy into electrical energy for use in an external circuit.