Suppose That Last Year the Consumer Price Index Was 124;

question 396

Multiple Choice

Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?

• A) 5.4 percent
• B) 30.7 percent
• C) 5.1 percent
• D) 6.7 percent

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Definitions:

Strategies

Plans of action designed to achieve long-term or overall goals and objectives.

Mission

A statement that defines the purpose, goals, and values of an organization, guiding its strategies, decisions, and operations.

Business

The clear, broad, underlying industry or market sector of an organization’s offering.

Performance Targets

Specific goals set for individuals or teams to achieve within a set timeframe, often used as a measure of productivity or quality in the workplace.