In One Year, the CPI Increased from 105

question 52

True/False

In one year, the CPI increased from 105.6 to 106.7. In order to have the same purchasing power as $100 at the start of the year, you would need $103.14 at the end of the year.

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Definitions:

Emotional Ties

The connections formed between individuals based on feelings of affection, love, or emotional bonds.

Intimate Group

A small, close-knit group characterized by strong emotional ties, warmth, and a high degree of personal interaction.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Material Resources

Tangible assets and resources such as cash, real estate, and personal property that can be used to achieve goals or meet needs.