If the CPI at the End of Last Year Was

question 109

Multiple Choice

If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was

• A) 1.5 percent.
• B) 15 percent.
• C) 100 percent.
• D) 115 percent.

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Definitions:

Indentured Servants

Individuals who agreed to work for a certain number of years in exchange for passage to a new country, living expenses, or other benefits during the colonial period and beyond.

African Slaves

African slaves were individuals forcibly taken from Africa to work in foreign lands, most notoriously across the Americas, during the transatlantic slave trade era.

Slave Society

A society where slavery stands as a central element of its economic, social, and political structures, often involving the widespread exploitation of enslaved individuals.

Interchangeable

Refers to parts or components that are identical in specifications and dimensions, allowing them to be replaced or used in place of one another without custom fitting.