Remember That the Laspeyres Price Index Uses the Old Quantities

question 32

Multiple Choice

Remember that the Laspeyres price index uses the old quantities for the weights.In 1991, good x cost $5 and good y cost $1.The current price of good x is $7 and the current price of good y is $6.In 1991 the consumption bundle was (x, y) = (2, 4) .The current consumption bundle is (x, y) = (5, 3) .The Laspeyres index of current prices relative to 1991 prices is closest to which of the following numbers?

• A)3.79
• B)2.71
• C)0.26
• D)1.89
• E)1.26

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Definitions:

DNA Replication

The process by which a cell duplicates its DNA, ensuring each new cell receives an exact copy.

Parent DNA

The DNA molecule that serves as a template for the synthesis of new DNA strands during cell replication.

G1 Phase

The first of four phases of the cell cycle that occurs in eukaryotic cell division, during which cellular contents, excluding the chromosomes, are duplicated.

Interphase

Period between active cell divisions when DNA replication occurs.