Suppose Rate of Inflation for Some Specific Year Was 10

question 148

Multiple Choice

Suppose rate of inflation for some specific year was 10 percent.If the CPI for that year was 139.7, the previous year's CPI must have been:

• A)100.0.
• B)129.7.
• C)153.7.
• D)127.0.

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Definitions:

Loyal Customer

An individual who repeatedly purchases products or services from the same company instead of switching to competitors.

Material Needs

The physical requirements necessary for an individual to maintain a healthy, viable existence.

Basic Human Needs

Fundamental requirements that individuals need to live healthy and fulfilling lives, such as food, shelter, safety, and belonging.

Surface Statements

Expressions or remarks that only address superficial aspects without delving into deeper or underlying issues.