If the CPI in 2008 Was 100 and the CPI

question 78

Multiple Choice

If the CPI in 2008 was 100 and the CPI in 2006 was 115,then the inflation rate in 2006 is

• A)1.5 percent.
• B)100 percent.
• C)11.5 percent.
• D)115 percent.
• E)none of the above.

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Definitions:

Labor Needed

The amount of workforce or manpower required to complete a task, fulfill a job, or achieve a production goal.

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Standard Of Living

This term defines the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Labor Force

The labor force comprises all the working-age population that is either employed or actively seeking employment.