If the Price Index Last Year Was 1

question 70

Multiple Choice

If the price index last year was 1.0 and today it is 1.4,what is the inflation rate over this period?

• A)-4%
• B)1)4%
• C)4%
• D)40%

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Definitions:

Counteroffer

A response to an original offer which modifies conditions or proposes new terms, effectively rejecting the initial offer and becoming a new proposal in the negotiation process.

Lapse Of Time

The expiration of a specified duration, after which legal claims may be void or rights may expire.

Valid Offer

A proposal made by one party to another intended to create a legally binding agreement when accepted.

BMX Bikes

Bicycles specifically designed for off-road sports and stunt riding, characterized by 20-inch wheels, a compact frame, and durable construction.