Suppose Hypothetically That the Consumer Price Index (CPI) Was 150

question 119

Multiple Choice

Suppose hypothetically that the consumer price index (CPI) was 150 in Year 1 and was 180 in Year 2. What would be the inflation rate for this period?

• A) 12 percent.
• B) 16.7 percent.
• C) 20 percent.
• D) 30 percent.

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Definitions:

Drawing

The practice of creating visuals on a surface such as paper through the application of marks, often made with ink, graphite, chalk, charcoal, or crayons.

Pictorial

Relating to or represented in the form of pictures or visual imagery.

Design Stage

A phase in project development or the creation of a product where plans, specifications, and blueprints are developed and finalized.

Fine Motor Skills

The synchronization of minute muscular movements, typically engaging hands and fingers in concert with visual coordination.