Last Year, the Consumer Price Index (CPI) Was 115 While

question 90

Multiple Choice

Last year, the consumer price index (CPI) was 115 while the consumer price index for this year is 125. The rate of inflation is:

• A) 8.7%.
• B) 8%.
• C) 9.2%.
• D) 10.8%.

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Definitions:

Single-Parent Families

Households headed by one adult, typically raising one or more children without the presence of a second parent.

College Graduate

An individual who has successfully completed a course of study at a college or university, earning an undergraduate or graduate degree.

Income Inequality

The unequal distribution of income among the participants of an economy.

Income Share

The portion of total national or organizational income received by an individual, group, or class, often analyzed in discussions of income distribution inequality.