If the Consumer Price Index Was 170 in One Year

question 1

Multiple Choice

If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation from one year to the next was approximately:

• A)5.5 percent.
• B)5.9 percent.
• C)5.3 percent.
• D)7.2 percent.

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Definitions:

Micro-Motions

Very small, detailed motions that are analyzed to study and improve the efficiency of manual tasks or operations.

Activity Charts

Visual representations that show the sequence and duration of activities involved in a process, project, or operation.

Body Movements

The act of changing the position or posture of the body or any of its parts, often studied in ergonomics to improve human-machine interaction and workplace safety.

Scanlon Plan

A participative management method that focuses on rewarding employees for increases in productivity.