The Table Below Shows the Price Index for China Starting

question 143

Multiple Choice

The table below shows the price index for China starting in 2000.
Which of the following statements correctly describe the behavior of prices in China?

• A) The cost of the CPI basket decreased in 2002.
• B) China experienced a high price level and high inflation.
• C) The inflation rate between 2005 and 2006 was 14.4 percent.
• D) Inflation reached 73% between the base year and 2001.

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Definitions:

Borrow Money

The act of obtaining funds from another party (such as a bank or individual) under the agreement to repay the principal amount along with interest or other charges.

Ordinary Course Of Business

Activities and operations that are considered normal, routine, and in the usual scope of a company's business practices.

Limited Liability Partnership

A partnership arrangement that limits the liability of its partners for the debts of the partnership, such that no partner is responsible for the misconduct or negligence of another.

Negligently Provides

The act of failing to provide a standard level of care or service, often resulting in harm or loss.