The Price Level Has Doubled in 35 Years

question 144

Multiple Choice

The price level has doubled in 35 years.The approximate annual percentage rate of increase in the price level over this period has been:

• A)50 percent.
• B)20 percent.
• C)5 percent.
• D)2 percent.

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Definitions:

Types of Reports

Various categories of documents that present and analyze information, including statistical, research, and progress reports.

Manager

An individual responsible for controlling or administering an organization or group of staff.

ERP Systems

Enterprise Resource Planning systems that integrate core business processes such as finance, HR, manufacturing, and supply chain into a single system.

TPSs

Transaction Processing Systems (TPSs) are computerized systems that perform and record daily routine transactions necessary to the conduct of the business.