If This Year the CPI Is 110 and Last Year

question 10

Multiple Choice

If this year the CPI is 110 and last year it was 100, then

• A) the cost of the CPI basket of goods and services has increased this year by 110 percent.
• B) the price level as measured by the CPI has increased by 10 percent.
• C) the inflation rate for this year has increased by 10 percent over last year's inflation rate.
• D) All of the above are correct.

---

Definitions:

Policy-making Process

A systematic series of actions taken to formulate, adopt, and implement policies within a governmental or organizational context.

Technological Dependency

Reliance on technology to perform daily activities or business operations, which can increase vulnerability to technological failures or cyber threats.

Investment Account

An account held at a financial institution or brokerage that is used to hold securities, stocks, bonds, and other investments.

Dividend Receivable

The amount of declared dividends owed to shareholders but not yet paid out by the company.