Suppose That the CPI Was 105 on Jan 1, 2008

question 27

Multiple Choice

Suppose that the CPI was 105 on Jan 1, 2008 and 117 on Jan 1, 2011. What was the average annual inflation over the intervening period?

• A)4.00%
• B)3.97%
• C)3.87%
• D)3.77%
• E)3.67%

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Definitions:

Environmental Pollution

The contamination of air, water, or soil by harmful substances, leading to adverse effects on health and the environment.

Social Class

A division of a society based on social and economic status.

Income

The amount of money received by a person or entity within a specified time-frame, typically from work, investments, or business activities.

Infant Mortality

The death of young children under the age of 1. This rate is often used as an indicator of the level of health in a country.