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:

Mass Merchandiser

Retail businesses that sell a large variety of goods to consumers at low prices, typically in large stores or online.

Wal-Mart

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Function-Level Goal

Specific objectives set for different functional areas within a company, such as marketing, finance, or production, to contribute to overall business strategy.

Specific Departments

Specialized units or divisions within an organization, each focusing on a certain area of operation or expertise.