At the End of Last Year the Consumer Price Index

question 86

Multiple Choice

At the end of last year the Consumer Price Index was equal to 163.8 and at the end of this year it was equal to 157.5. What is the inflation rate over this time period?

• A)6.3 per cent
• B)- 3.85 per cent
• C)10.1 per cent
• D)4.0 per cent

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Definitions:

Variables Of Interest

Specific items that researchers seek to measure or observe within a study to understand patterns or associations.

Ecologic Fallacy

The error in reasoning that occurs when conclusions about individual-level processes are drawn from group-level data.

Median Household Income

The middle income value where half of the households in a geographical area earn more and half earn less, used as a standard measure of economic well-being.

Teen Pregnancy

Pregnancy occurring in young women under the age of 20, which carries unique health risks and socio-economic implications for the teen and her child.