A CPI That Equals 1

question 102

Multiple Choice

A CPI that equals 1.34 in 2008 (when 2000 is the base year) means that:

• A)prices in 2008 are 34 percent higher than in 2007.
• B)the CPI equals $1.34 in 2008.
• C)the inflation rate in 2008 is 134 percent.
• D)the average level of prices is 34 percent higher in 2008 than in the base year.

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Definitions:

Alien Species

Organisms that have been introduced into areas outside their native range, often causing ecological disruption.

Wetlands

Areas of land that are saturated with water, either permanently or seasonally, and where oxygen-free processes prevail, often serving as natural water filtration systems and wildlife habitats.

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for food, fiber, and other products essential to human survival and economic activity.