Using 2008 as the Base Year, the Simple Price Index

question 115

Short Answer

Using 2008 as the base year, the simple price index for an algebra book in 2009 was computed to be 105. If the price of the book was $50 in 2009, compute the price in the base year.

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Definitions:

Participant Reaction

The immediate feedback or feelings of individuals after engaging in a training or educational activity, often used as an initial measure of the program's effectiveness.

Training Effectiveness

Refers to the extent to which training improves the performance and capabilities of employees in an organizational setting.

Orientation Programs

Training sessions designed to introduce new employees to their job duties, the company's policies, and the organizational culture.

Organization's Rules

Specific guidelines and regulations that govern behavior and processes within an organization.