If a Country Had a CPI of 105

question 49

Multiple Choice

If a country had a CPI of 105.0 last year and a CPI of 102.0 this year, then

• A)the average prices of goods and services increased between last year and this year.
• B)there was an error when calculating the CPI this year.
• C)the quantity of consumer goods and services produced decreased between last year and this year.
• D)the average prices of goods and services decreased between last year and this year.
• E)the average quality of goods and services decreased between last year and this year.

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Definitions:

Fossil Record

The collection of all known fossils and their placement in rock formations and sedimentary layers, which provides evidence about the history of life on Earth.

Homo Habilis

An extinct species of early human that lived approximately 2.4 to 1.4 million years ago, known for its use of simple stone tools.

Homo Erectus

An extinct species of hominid that lived throughout most of the Pleistocene geological epoch, known for being one of the first early humans to have a stature similar to that of modern humans and to use fire.

Bipedalism

The ability to walk upright on two legs, characteristic of humans and their ancestors.