The Table Given Below Reports the Consumer Price Index in a Country

question 2

Multiple Choice

The table given below reports the consumer price index in a country for four different years.
Table 7.1
$\begin{array}{c}\text { Inflation Data }\\\begin{array}{|c|c|}\hline \text { Year } & \text { Consumer Price Index } \\\hline 1976 & 100.00 \\1980 & 110.50 \\1990 & 128.50 \\2003 & 145.00 \\\hline\end{array}\end{array}$
-Refer to Table 7.1. By how much did consumer prices rise between 1980 and 2003 (rounded to the first decimal place) ?

• A) 34.5 percent
• B) 10.5 percent
• C) 13.3 percent
• D) 31.2 percent
• E) 76.2 percent

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Definitions:

Times-Interest-Earned Ratio

A fiscal indicator that evaluates a firm's capacity to satisfy its debt commitments utilizing its present income.

Operating Costs

Expenditures that are necessary for the day-to-day operations of a business, including costs related to manufacturing, sales, and administration.

Interest Charges

Interest charges are the costs incurred by an entity for borrowing money, quantified as a percentage of the principal loan amount.

Assets

Economic resources or owned items of value that an individual, corporation, or country possesses, expected to provide future benefits.