If the Price Level Was 100 in 2014 and 102

question 5

Multiple Choice

If the price level was 100 in 2014 and 102 in 2015,the inflation rate was

• A)102%.
• B)20%.
• C)2%.
• D)0)2%.

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Definitions:

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice or discrimination against other groups.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Cultural Context

The environment or situation that includes the social norms, values, customs, and beliefs that influence the behavior and perception of individuals.

Countercultures

Groups or movements that reject and oppose dominant societal norms and values, often creating their own cultural norms.