If the Price Index in Year 1 Is 115 and the Price

question 81

Multiple Choice

If the price index in Year 1 is 115 and the price index in Year 2 is 120, the rate of inflation between Year 1 and Year 2 is:

• A) 4.3%.
• B) 15%.
• C) 10.7%.
• D) 1.2%.

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Definitions:

Voice

In labor relations, the ability of employees to express opinions and grievances and to have a say in the decision-making process within their workplace.

Civic Activities

Involvement in actions that aim to improve communities, engage with political processes, or participate in public life, often outside of one's professional duties.

Political Activities

Actions or undertakings aimed at influencing governmental policy or elections.

Given Industry

A specific sector of the economy, often defined by the type of activity it engages in.