If the Consumer Price Index Was 90 in One Year

question 111

Multiple Choice

If the Consumer Price Index was 90 in one year and 100 in the following year, then the rate of inflation was about

• A) 9 percent.
• B) 10 percent.
• C) 11 percent.
• D) 12 percent.

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Definitions:

Mode

The most frequently occurring value within a data set.

Set Of Data

A collection of related information or values that are typically measured, observed, or collected from experiments or surveys.

Mode

The number that occurs the most often in a collection of data.

Squared Deviation

The square of the difference between an observed data value and the mean of the data set, used in variance and standard deviation calculations.