If the Consumer Price Index Changes from 120 in Year

question 82

Multiple Choice

If the Consumer Price Index changes from 120 in year one to 144 in year two,the rate of inflation in the intervening year is

• A)10%.
• B)12.5%.
• C)20%.
• D)25%.
• E)30%.

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Definitions:

Married

A legally or culturally recognized union between two people, commonly referred to as a marriage, which establishes rights and obligations between them.

Aging

The process of becoming older, characterized by gradual changes in physical, cognitive, and social capabilities over time.

Late Adulthood

A stage in life typically defined by ages 65 and older, characterized by retirement, physical aging, and often, increased focus on social and personal fulfillment.

Marriage

A legally and socially sanctioned union between individuals that establishes rights and obligations between them, as well as with their children and in-laws.