Which of the Following Formulas Is Used to Calculate the Inflation

question 45

Multiple Choice

Which of the following formulas is used to calculate the inflation rate?

• A) inflation rate \( =100 \times\left(\frac{\text { CPI in current year }}{\text { CPI in base period }}\right) \)
• B) Inflation rate \( =100 \times \left (\frac{\text { CPI in current year - CPI in previous year }}{\text { CPI in previous year }}\right) \)
• C) Inflation rate \( =100 \times \left (\frac{\text { CPI in previous year - CPI in current year }}{\text { CPI in current year }}\right) \)
• D) inflation rate \( =100 \times\left(\frac{\text { CPI in previous year }}{\text { CPI in current year }}\right) \)
• E) inflation rate \( =100 \times\left(\frac{\text { CPI in base year }}{\text { CPI in current year }}\right) \)

Distinguish between different formats for endnotes and bibliographies, understanding their usage contexts.

Understand the difference between causation and correlation.

Identify and utilize effective survey design techniques.

Differentiate between primary and secondary research.

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Definitions:

Free Money

Resources or funds received without the requirement for repayment, often perceived as grants or gifts.

Radio Station

A service that broadcasts audio content to the public through radio waves or digital transmissions.

Economic Analysis

Economic analysis involves examining data and using economic theory to understand and predict economic phenomena and inform decisions.

Personal Benefits

Advantages or gains received by an individual from their actions or investments.