Suppose That Last Year the Consumer Price Index Was 124;

question 148

Multiple Choice

Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?

• A) 30.7 percent
• B) 6.7 percent
• C) 5.4 percent
• D) 5.1 percent

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Definitions:

High Levels

A term used to describe situations, measurements, or quantities that are significantly above average or normal range.

Manage Diversity

The practice of recognizing, embracing, and leveraging differences within a group or organization to foster an inclusive environment and achieve better outcomes.

Highlighting Strength

The practice of emphasizing and showcasing the strong points or advantages of a product, service, or individual to differentiate them from competitors.

Identifying Resource

The process of recognizing and locating resources that can be utilized for a specific purpose or project.