The Percentage Change in Any Economic Variable,including the Consumer Price

question 159

Multiple Choice

The percentage change in any economic variable,including the consumer price index (CPI) ,is measured by which equation?

• A) ((Previous Year - Current Year)/ Previous Year)*100
• B) ((Current Year - Previous Year)/ Previous Year)* 100
• C) ((Current Year - Previous Year)/ Current Year)*100
• D) (Previous Year - Current Year)/ Previous Year
• E) (Current Year - Previous Year)/ Previous Year

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Definitions:

Duty Of Loyalty

A legal obligation of individuals in certain positions to act in the best interests of another party or entity, often seen in corporate governance and employment.

Duty Of Care

A legal obligation to avoid causing harm and to act with a standard of reasonable care towards others.

Violation

An act of breaking or failing to comply with a set of rules or laws.

Profit Maximization

The process or strategy aimed at increasing a business's net profits to the highest possible level, often by increasing revenue, reducing costs, or both.