If the Consumer Price Index (CPI) in Year 1 Was

question 14

Multiple Choice

If the consumer price index (CPI) in Year 1 was 200 and the CPI in Year 2 was 215, the rate of inflation was:

• A) 215 percent.
• B) 15 percent.
• C) 5 percent.
• D) 7.5 percent.
• E) 8 percent.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Economic Integration

The unification of economic policies and practices between different states through the elimination of tariffs and trade barriers to encourage free trade.

International Communications

The practice of managing and executing communication across different countries and cultures, often involving varied media and messages.

Organization's Story

The narrative an organization crafts to share its values, mission, and culture both internally and with the external community.