If the Consumer Price Index Was 90 in One Year

question 165

Multiple Choice

If the Consumer Price Index was 90 in one year and 100 in the following year, then the rate of inflation was about

• A)9 percent.
• B)10 percent.
• C)11 percent.
• D)12 percent.

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Definitions:

Norms

Shared expectations or rules within a group or culture about how to behave.

Consistent Result

Outcomes or findings that are reliably reproducible under the same conditions, indicating reliability and validity in scientific or analytical experiments.

Objective Evaluation

The process of making a judgment based on impartial analysis of facts and evidence.

Creative Thinkers

Individuals who are able to think in novel and unusual ways and to come up with unique solutions to problems.