Over the Past 70 Years, What Was the Approximate Average

question 29

Multiple Choice

Over the past 70 years, what was the approximate average annual inflation rate?

• A)3 percent, implying that prices have increased 12-fold
• B)4 percent, implying that prices have increased 16-fold
• C)3 percent, implying that prices have increased 18-fold
• D)5 percent, implying that prices increased about 18-fold

---

Definitions:

Process

A series of actions or steps taken in order to achieve a particular end.

13-Inch Rolls

A specification often used in industries such as printing or paper manufacturing, referring to the width of rolls of material.

Constraint

A limitation or restriction within a process or system.

Cutting Pattern

In manufacturing, the arrangement or plan for how parts will be cut from a material to minimize waste and maximize efficiency.