At the End of Last Year, the CPI Equaled 120

question 102

Multiple Choice

At the end of last year, the CPI equaled 120. At the end of this year, the CPI equals 132. What is the inflation rate over this year?

• A) 6 percent
• B) 10 percent
• C) 12 percent
• D) None of the above answers are correct because more information is needed to calculate the inflation rate.

---

Definitions:

Subsidiary Human Capital

The skills, knowledge, and experience possessed by employees of a subsidiary, which contribute to its value and performance.

Local Human Capital

Local human capital refers to the collective skills, knowledge, and experience possessed by individuals within a specific geographic area, contributing to the economic productivity of that region.

Company Specificity

Company specificity relates to the unique attributes, practices, or resources that are particular to a specific company, distinguishing it from its competitors.

Local Human Capital

The collective skills, knowledge, and experience possessed by an area's population, contributing to its economic productivity.