The Price Index in 2006 Is 120,and in 2007 It

question 76

Multiple Choice

The price index in 2006 is 120,and in 2007 it is 127.2.What is the inflation rate?

• A)5.4 percent
• B)6.0 percent
• C)7.2 percent
• D)The inflation rate is impossible to determine without knowing the base year.

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Definitions:

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The systematic and diligent work undertaken to increase the stock of knowledge, including knowledge of humans, culture, and society, and the use of this stock of knowledge to devise new applications.

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Bipolar Disorder

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Schizophrenia

A chronic psychological disorder characterized by a disconnection among cognition, affect, and conduct, resulting in distorted perceptions and unsuitable behaviors.