The Consumer Price Index (CPI) Is 150 in Year 1

question 31

Multiple Choice

The consumer price index (CPI) is 150 in year 1, 156 in year 2, and 160 in year 3. What is the inflation rate for year 2? Round to nearest whole percentage.

• A) 3%
• B) 4%
• C) 6%
• D) 7%

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Definitions:

Medical Intensive Care Unit

A specialized hospital ward designed for the treatment of severe or life-threatening illnesses, with constant monitoring by healthcare professionals.

Nasogastric (NG) Tube

A flexible tube passed through the nose and into the stomach for feeding or medication administration in patients unable to eat by mouth.

Bowel Obstruction

A medical condition where there is a blockage in the intestines, preventing the normal flow of contents through the digestive system.

Gomco

A device commonly used in the circumcision of infants, known as the Gomco clamp.