The Following Table Provides the Values of the Simple Price

question 94

Multiple Choice

The following table provides the values of the simple price index for watches in a country. If the base year is revised from 2006 to 2007,which of the following is the updated index for 2008?

• A) 113.5
• B) 96.77
• C) 95.24
• D) 103.33

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Definitions:

Sleep Country USA

A retail chain specializing in mattresses and bedding products in the United States.

Nash Equilibrium

A concept in game theory where each player, knowing the strategies of the other players, has no incentive to change their own strategy.

AMD

Advanced Micro Devices, Inc., an American multinational semiconductor company known for its CPUs and GPUs for computers.

Intel

An American multinational corporation and technology company known for its semiconductor chips.