Table 24-15 ​

question 464

Multiple Choice

Table 24-15
​
The following table shows the prices of good X and good Y for 2013-2015. In addition, assume the basket of goods used to compute the Consumer Price Index consists of 3 units of good X and 4 units of good Y.
​ ​
-Refer to Table 24-15. The inflation rate in 2015 was approximately

• A)​41%.
• B)​70%.
• C)​140%.
• D)​240%.

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Definitions:

Proof Statement

A declaration or evidence presented to substantiate a claim or validate the benefits and features of a product or service during a sales pitch.

Independent Studies

Research conducted without the influence of any parties that have a vested interest in the outcome, to ensure objectivity.

Customer Testimonials

Statements from users of a product or service that describe their positive experiences and the benefits they received.

Proof Statement

A factual assertion used in sales and persuasion to verify the value or effectiveness of a product or service.