The Price Index Is 320 in One Year and 380

question 158

Multiple Choice

The price index is 320 in one year and 380 in the next. What was the inflation rate?

• A) 6.7 percent
• B) 8.8 percent
• C) 12.5 percent
• D) 18.8 percent

---

Definitions:

Economic Family

A group of individuals related by blood, marriage, or adoption who live together and have their economic well-being interconnected.

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand the country, its population, resources, economy, society, and culture.

Social Practices

Patterns of behavior and activities that are structured by society and shared across communities, reflecting social norms, values, and traditions.

Biological Differences

Pertains to the physical and genetic variations between individuals and species.