Exhibit 7-2 Consumer Price Index as Shown in Exhibit

question 47

Multiple Choice

Exhibit 7-2 Consumer Price Index As shown in Exhibit 7-2, the rate of inflation for Year 2 is:

• A)5 percent.
• B)10 percent.
• C)20 percent.
• D)25 percent.

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Definitions:

African American

A term referring to Americans of African ancestry, particularly those whose ancestors were enslaved and brought to the United States.

Cultural Capital

The social assets of a person (education, intellect, style of speech, dress, etc.) that promote social mobility in a stratified society.

Economic Capital

The assets or resources that an individual or entity has, which can be used to produce economic value.

Norms

Shared expectations or rules within a culture or society that guide and constrain behavior, establishing standards of conduct.