The Table Above Has Information About the CPI, Nominal Wage

question 3

Multiple Choice

$\begin{array} { c c c c } \hline \text { Year } & \text { CPI } & \begin{array} { c } \text { Nominal } \\\text { Wage Rate } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Nominal } \\\text { Interest Rate } \\\text { (percent) }\end{array} \\\hline 2010 & 100 & 15.00 & 3 \\2011 & 95 & 15.00 & 4 \\2012 & 103 & 17.00 & 9 \\\hline\end{array}$
The table above has information about the CPI, nominal wage rate, and nominal interest rate for The country of Syldavia for the years 2010 to 2012. The reference base year is 2011.
- The inflation rate In Syldavia from 2011 to 2012 was

• A)8.4 percent.
• B)10.3 percent.
• C)3.0 percent.
• D)8.0 percent.
• E)4.0 percent.

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Definitions:

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, dividing activities into operating, investing, and financing activities.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset from the time it was put into use to the current date.

Patents

Legal documents that grant an inventor exclusive rights to their invention for a certain period, preventing others from making, using, or selling it.