Let a Price Index Increase from 136

question 17

Multiple Choice

Let a price index increase from 136.2 to 140.3 to 144.5 over the course of two successive years. Average annual inflation over the period is then

• A) 5 percent.
• B) 2 percent.
• C) 3 percent.
• D) 4.2 percent.
• E) 8.3 percent.

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Definitions:

Judicial Supervision

The oversight by a court over certain legal processes or the activities of individuals, such as parolees or organizations.

Physical Examination

A thorough medical inspection of a person's body by a doctor to assess health, often used to determine fitness for a particular purpose, like employment or insurance.

Written Questions

A formal set of questions submitted in writing to a party in a legal dispute as part of the discovery process.

Requests For Admission

A legal process in which one party requests the other to admit the truth of certain facts before the trial begins, to streamline the trial process.