A Consumer Price Index of 325 Means That Prices Are

question 67

Multiple Choice

A consumer price index of 325 means that prices are ________ percent higher than those in the base year.

• A) 325
• B) 225
• C) 125
• D) 25
• E) 3.25

---

Definitions:

Public Bureaucracy

The body of government officials and administrators, often career civil servants, responsible for implementing policies and administering public programs.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes associated with them.

President's Advisers

A group of senior officials and experts who provide counsel and assistance to the President of the United States on various matters.

Cabinet

A body of advisers to the president composed of the heads of the executive departments of the government.