(Table 5: Price Index for Macroland) Table 5 Provides the Price

question 55

Multiple Choice

(Table 5: Price Index for Macroland) Table 5 provides the price index for Macroland for four years. What was the inflation rate in Macroland during year 3?
$\begin{array}{l}\text { Table 5: Price Index for Macroland }\\\begin{array}{|c|c|c|c|c|}\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } \\\hline \text { Price index } & 140 & 150 & 158 & 162 \\\hline\end{array}\end{array}$

• A) 5.3%
• B) 2.5%
• C) 4.0%
• D) 12.9%

List the services that are prohibited for accounting firms to perform for audit clients under the Sarbanes-Oxley Act.

Understand the legal and ethical considerations regarding the confidentiality of client information obtained by accountants.

Identify the requisite elements of fraud within financial transactions and accounting practices.

Understand contemporary feminist viewpoints on gender roles within families.

---

Definitions:

Stagflation

A situation in an economy where the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.

Oil Prices

The cost per barrel of crude oil as determined by global supply and demand factors.

General Theory

A broad and fundamental principle or set of principles intended to explain a major phenomenon or field of study.

Full Employment

The level of employment where all who are willing and able to work at current wage rates are employed; often considered an indication of an economy's health.