Multiple Choice
Last year the price of a dozen eggs was $1, and this year the price is $1.30. Which of the following does NOT express this price change accurately?
A) The price increased 30 percent.
B) The price increased by 30 cents.
C) If last year was the base year, the index number for this year would be 130.
D) If this year is the base year, the index number for last year would be 130.
Correct Answer:

Verified
Correct Answer:
Verified
Q233: A price index is the<br>A) cost of
Q234: According to your text, during the 2000s,
Q235: Contractions are characterized by<br>A) increases in the
Q236: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q237: If the duration of unemployment in a
Q239: The population is 1,000 million, the labor
Q240: Describe the major types of unemployment.
Q241: What is unemployment and what is the
Q242: An example of a frictionally unemployed individual
Q243: After completing college, Ahmed spent three months