If the CPI Is 100 in the Base Year and 106

question 15

Multiple Choice

If the CPI is 100 in the base year and 106 in the current year,how much did prices rise between the base year and the current year?

• A) 6 percent
• B) 106 percent
• C) 1.06 percent
• D) 0.06 percent
• E) 60 percent

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Definitions:

Advertising Campaign

A series of advertisement messages that share a single idea and theme which make up an integrated marketing communication (IMC).

Barrier

A barrier is an obstacle that prevents movement, access, or progress towards a goal or between entities.

Loss Aversion

Loss aversion refers to people's tendency to prefer avoiding losses rather than acquiring equivalent gains: it is better to not lose $5 than to find $5.

Negative Impact

Adverse effects or damages caused by an action or event.