The Table Below Shows Vietnam's Price Index Between 2004 and 2007

question 166

Multiple Choice

The table below shows Vietnam's price index between 2004 and 2007. www.econstats.com
From the data, we can conclude that

• A) the inflation rate 2005 and 2006 was 7.5 percent.
• B) food and energy prices in Vietnam were increasing between 2004 and 2007.
• C) commodity substitution bias occurred over the four years.
• D) deflation occurred between 2005 and 2006 as price increased more slowly than in 2004.

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Definitions:

Termination

The act of ending the employment of an employee or the conclusion of an agreement or contract.

Turnover

Occurs when employees quit or are fired and must be replaced by new employees.

Incentive System

A structured plan designed to motivate and encourage specific behaviors or actions among a group of people or employees.