The Table Shown Displays CPI Data for 2015 to 2019

question 14

Multiple Choice

The table shown displays CPI data for 2015 to 2019. If the base year is 2016, what can be said about the cost of living in 2015?

• A) The cost of living in 2015 was lower than in 2016.
• B) The cost of living decreased because the CPI was less than 100.
• C) The cost of living increased because the CPI was less than 100.
• D) There must have been a recession because the CPI is less than 100.

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Definitions:

Check Register

A record of financial transactions, especially checks written and deposits made, in a checking account.

Deposit

A sum of money placed into an account or with a financial institution as a part of a transaction or for safekeeping.

Check Register

A record book or a ledger that tracks all the checks written, deposits made, and current balance of a checking account.

Deposit

A deposit is a sum of money placed into an account or given as security for a financial transaction.