If the Value of the Price Index Was 103 in 2009

question 3

Multiple Choice

If the value of the price index was 103 in 2009 and 105 in 2010, what was the inflation rate in 2010?

• A) 2.2%
• B) 2.1%
• C) 2%
• D) 1.9%

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Definitions:

Cultural Variables

Factors that vary from one culture to another, affecting communication, behavior, and values, and requiring consideration in a global context.

Political

relating to the governance of a country or other area, especially the debate between parties having power.

Economic

Pertaining to the production, distribution, and consumption of goods and services, or the wealth and resources of a region.

Graphics

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