Last Year's Price Level Was 120 and Since Then There

question 111

Multiple Choice

Last year's price level was 120 and since then there has been a 5 per cent inflation. This year's price level is

• A)126.
• B)130.
• C)125.
• D)None of the above

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Definitions:

Calcium

A chemical element with the symbol Ca and atomic number 20, a reactive, pale yellow metal that forms compounds with many other elements.

Ionic Formula

A notation that represents the composition of an ionic compound by showing the ratio of ions present in the compound.

Compound

A substance formed from two or more chemical elements chemically bonded together, with a fixed ratio determining its composition.

Fe2+

Ferrous ion, a form of the iron ion where iron has a valency of +2, commonly involved in redox reactions and an essential part of hemoglobin.