Suppose the CPI Has Been Overstating the Increase in the Cost

question 93

Multiple Choice

Suppose the CPI has been overstating the increase in the cost of living by 1% for 25 years,the total impact of that 25 years later is

• A) less than 25%
• B) exactly 25%
• C) negligible since it is only 1% per year
• D) more than 25%
• E) 24%

---

Definitions:

Outplacement Counseling

A service in which professionals try to help dismissed employees manage the transition from one job to another.

Reparations

Financial compensation awarded to individuals or communities for past injustices or harm.

Downsizing

The planned elimination of large numbers of personnel with the goal of enhancing the organization's competitiveness.

Outplacement Counseling

Assistance provided by a company to help former employees transition to new jobs.