If the Price Index Rose from 254 in Year 1

question 80

Multiple Choice

If the price index rose from 254 in year 1 to 289 in year 2, then the rate of inflation for this economy in year 2 would be:

• A)11.3 percent.
• B)13.78 percent.
• C)89 percent.
• D)35 percent.

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Definitions:

Interest Groups

Organizations or groups of people who share common interests or goals and seek to influence public policy or opinion.

Results

The data and outcomes obtained from conducting a research study, often analyzed statistically to test hypotheses.

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The degree to which something is related or useful to what is happening or being talked about, often determining the value of search results or information.

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A perception or argument that appears simpler than it actually is, often overlooking complexity or nuances.