Suppose That the CPI in 1999 Was 125

question 61

Multiple Choice

Suppose that the CPI in 1999 was 125.2 and the CPI in 2000 was 139.1. The rate of inflation between 1999 and 2000 was:

• A) 13.9%.
• B) 11.1%.
• C) 12.9%.
• D) 14.3%.

---

Definitions:

Benefit Packages

A collection of non-wage compensations provided to employees, such as health insurance, retirement plans, and paid time off.

Pay Structures

are the organization of different levels of salaries based on roles, experience, and seniority within a company, providing a framework for compensation.

Pensions

Retirement plans that pay a fixed sum to individuals on a regular basis, typically after retirement, based on salary and years of service.

Employee Compensation

All forms of financial returns and tangible benefits that employees receive as part of their employment, including salary, bonuses, and benefits.