If the Consumer Price Index Was 100 in the Base

question 124

Multiple Choice

If the consumer price index was 100 in the base year and 114 the following year,what was the inflation rate?

• A) 1.4 percent
• B) 11.4 percent
• C) 14 percent
• D) 114 percent

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Definitions:

Objectivity

The practice of being unbiased and impartial, especially in reporting, analysis, or decision making.

Compromised

Compromised refers to a state where security, integrity, or function of a system, account, or confidential information has been illegally accessed or weakened.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a common goal.