Suppose That the Consumer Price Index of a Country Was

question 139

Multiple Choice

Suppose that the consumer price index of a country was 160 at year-end 2007 and 168 at the end of 2008. What was the country's inflation rate during 2008?

• A) 5 percent
• B) 8 percent
• C) 60 percent
• D) 68 percent

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Definitions:

Item's Cost

The purchase price or production cost of an item, including expenses directly attributable to its acquisition or manufacture.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for a fixed asset over its useful life.

Disposal

The act of selling or getting rid of an asset or a portion of a business.

Laptop Computer

A portable personal computer with a screen and alphanumeric keyboard.