Over a 10-Year Period, the Consumer Price Index Doubled

question 148

Multiple Choice

Over a 10-year period, the Consumer Price Index doubled.On the basis of this information and using the rule of 70, we can say that the average annual rate of inflation over this period was approximately

• A)10 percent.
• B)9 percent.
• C)7 percent.
• D)5 percent.

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Definitions:

Diversity

The inclusion of individuals from various backgrounds, cultures, ages, genders, and perspectives within a group or organization.

Culture

The shared beliefs, values, norms, and practices that characterize a group of people or society, influencing behavior and perceptions.

Diversity

The range of differences among individuals and groups, including but not limited to race, ethnicity, gender, age, and cultural background, which can enhance creativity, innovation, and problem-solving in teams.

Prejudice

Preconceived opinion or judgment about an individual or group that is not based on reason or actual experience.