If the Consumer Price Index Changes from 120 in Year

question 70

Multiple Choice

If the Consumer Price Index changes from 120 in year one to 122 in year two, the rate of inflation in the intervening year is

• A)20 percent.
• B)0 percent.
• C)22 percent.
• D)2.0 percent.
• E)1.67 percent.

---

Definitions:

IQ Tests

Standardized assessments designed to measure human intelligence and cognitive abilities in relation to an age group.

Intellectual Ability

The capacity to think abstractly, reason, understand complex ideas, learn quickly, and solve problems, often assessed through IQ tests.

IQ Score

A numerical measure of a person's intelligence as compared to the average intelligence of their age group, often derived from standardized tests.

Reliability

The extent to which a measuring instrument yields consistent and reliable outcomes across different periods.