You Know That the Consumer Price Index (CPI)at the Beginning

question 22

Multiple Choice

You know that the consumer price index (CPI) at the beginning of this year was 250 and the rate of inflation was 14 percent; this would mean the

• A) price of cat food increased by exactly 14 percent.
• B) CPI at the beginning of last year was 215.
• C) price of dog food probably fell.
• D) CPI at the end of the year was 285.
• E) rate of inflation next year will be more than 14 percent.

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Definitions:

Conservatives

A political ideology favoring the preservation of traditional institutions and values, and cautious about change or innovation.

Modest Means

Referring to a situation or condition where individuals or families possess limited financial resources, often associated with lower income or wealth levels, affecting their standard of living.

Bloody Sunday

Refers to several events in history where unarmed civilians were killed or injured by military or police forces; notable instances include events in Russia (1905) and Northern Ireland (1972).

Peaceful Protesters

Individuals or groups who engage in protests without violence, often to express opposition to an action or policy, aiming for change through non-violent means.