Question 1

You’re working on story about meal costs for a “Welcome back, students” edition of the Metroville University campus newspaper. You learn that incoming freshmen at will pay $1,233 for an unlimited campus meal plan. Four years ago, incoming freshmen paid $987 for an unlimited meal plan. Using the percent change formula you learned about in Chapter 2, you figure out that the cost of an unlimited meal plan has risen 25 percent over the past four years. What is the inflation rate for the same period, assuming that the CPI went from 196.4 to 219.1 during the same four-year period?

                       

36 percent

                       

24 percent

           

*12 percent

                       

8.5 percent

 

Question 2

A year ago, the city signed a two-year contract hiring a local garage to perform scheduled maintenance on the city’s fleet of police patrol cars. A provision in the contract stipulated that the garage would receive $19,339 from the city for the first year, and the garage’s pay for the second year would be adjusted upward to match any increase in inflation. The city’s finance director is scheduled to inform the City Council about the new contract amount during tonight’s meeting. A source tells you that the mayor might try to inflate the new figure a bit to pay back a political favor. If the CPI was 208.4 last year and now stands at 218.8, what would you expect the new contract amount to be?

                       

$19,551

                       

*$20,304

                       

$21,130

                       

$22,856

 

Question 3

The state Legislature is debating whether to raise the state’s minimum wage. Opponents point out that the minimum wage has risen steadily over the past several decades. In 1976, for example, minimum wage was only $2.20 an hour. Now, it’s $7.25 an hour. Supporters, though, say the increase has not kept up with inflation. Assuming that the CPI in 1976 was 56.9, and that the present CPI is 215.3, what would the present minimum wage be if it had kept pace with inflation?

                       

$6.55

                       

$7.55

$8.12

                       

*$8.32

 

Question 4

The murder victims included __

                       

a three-year-old boy.

                       

a three year old boy.

           

*a 3-year-old boy.

                       

a 3 year old boy.

 

Question 5

The firefighter said he hoped the rescued dog would be __

                       

*all right.

                       

all-right.

                       

alright.

                       

allright

           

Question 6

The billionaire's will called for dividing his estate equally __ his two children.

                       

among

           

*between

                       

Question 7

Investigators discovered that the escapee had cut through both of the prison yard's __ security fences.

                       

Twelve-ft.

                       

Twelve foot

                       

*12-foot

                       

12 foot

 

Question 8

 

The restaurant specializes in traditional __ cooking.

                       

*Southern

                       

southern

                       

Regional

                       

southern-style

 

Question 9

The professor and __ collaborated on the analysis.

                       

him

                       

*he

 

Question 10

Every MTSU student should know __ M number.

 

*his or her

                       

his

                       

her

                       

their