Suppose That a Price Index in Latvia Was 120 in 2009

question 121

Multiple Choice

Suppose that a price index in Latvia was 120 in 2009 and 150 in 2010. The inflation rate between those two years was

• A)8 percent.
• B)12.5 percent.
• C)25 percent.
• D)30 percent.

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Definitions:

Autocratic Tone

A communication style characterized by authoritative, dictatorial, and controlling language.

Instructions

Detailed information telling how something should be done, operated, or assembled.

Contract

A legally binding agreement between two or more parties that outlines terms and conditions, rights, and duties related to a specific transaction or arrangement.

Projectors

Electronic devices that display images, videos, or computer data on a larger screen or surface, widely used in presentations and educational settings.