If the Inflation Rate Was 5 Per Cent in 2010

question 66

Multiple Choice

If the inflation rate was 5 per cent in 2010 and the price index was 120 in 2009, what was the value of the price index in 2010?

• A) 124
• B) 125
• C) 126
• D) 127

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Definitions:

Trusts

Companies combined to limit competition.

Recall

A Progressive-era reform that allowed the removal of public officials by popular vote.

Historical Significance

The importance assigned to a past event, based on its impact on the present and its influence on or relevance to historical development or understanding.

New Nationalism

A political philosophy advocated by President Theodore Roosevelt, emphasizing vigorous government intervention to promote social justice and the economic welfare of the underprivileged.