If the Price Index in 2000 Is 120 and the Price

question 71

Multiple Choice

If the price index in 2000 is 120 and the price index in 2001 is 112, then the rate of inflation between 2000 and 2001 is:

• A) - 8.6%.
• B) - 8.7%.
• C) - 6.6%.
• D) - 4.17%.

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Definitions:

Oil And Gas Fields

Areas rich in hydrocarbon reserves where natural deposits of oil and gas are found, typically extracted through drilling.

Sedimentary Rocks

Rocks formed through the accumulation and consolidation of sediments, often containing fossils of ancient life.

Wyoming

A state in the mountain region of the western United States known for its vast plains and rugged mountain ranges.

Lead-Zinc Deposits

These are geological formations containing significant amounts of lead and zinc, usually formed through hydrothermal processes.