If the CPI Was 121

question 188

Multiple Choice

If the CPI was 121.5 at the end of last year and 138.3 at the end of this year, the inflation rate over these two years was

• A) 10.2 percent.
• B) 13.8 percent.
• C) 12.2 percent.
• D) 16.8 percent.

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Definitions:

Decider

An individual or group responsible for making the final decision in a purchasing process, often holding the authority to approve significant business transactions.

Routine Orders

Regular or scheduled orders placed by businesses or individuals to ensure a consistent supply of products or services.

Buying Center

A group of individuals within an organization who are involved in making a purchase decision.

IT Engineer

A professional responsible for designing, implementing, and maintaining information technology systems and infrastructure.