It Is Known That the Inflation Rate Over Next Three

question 19

Multiple Choice

It is known that the inflation rate over next three years is expected to be 5% in the first year, 10% in the second and 15% in the third. In such a case, average expected annual inflation rate is

• A)5.00%.
• B)9.92%.
• C)10.00%.
• D)10.08%.
• E)15.00%.

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Definitions:

Semantic Memory

A form of enduring memory that is crucial for language comprehension and utilization, involving the ability to remember words, concepts, or digits.

Declarative Memories

Conscious remembrances of data and incidents that can be deliberately retrieved.

General Knowledge

Information that is widely known or recognized by many people, covering various subjects.

Semantic Memory

Refers to a type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the use and understanding of language.