Solve the Problem What Is the Percent Increase of a Market Basket of (CPI)is

question 68

Multiple Choice

Solve the problem.
-A part of the Consumer Price Index (CPI) is given below: $$\begin{array} { l | c | c | c | c | c } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array}$$ What is the percent increase of a market basket of goods from 1975 to 1985? Round the percent to the nearest integer.

• A)54%
• B)200%
• C)50%
• D)100%

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Definitions:

Core Time

The period during a work schedule when all employees are required to be present, often used in flexible working arrangements.

Compressed Workweek

A work schedule arrangement that allows employees to work the standard hours in fewer than the traditional number of workdays.

Flexible Work Arrangements

Work options that permit flexibility in terms of “where” and/or “when” work is completed.

Compressed Workweek

An alternate work arrangement where a standard workweek is condensed into fewer days than the typical five, often involving longer individual work days.