Suppose That the Consumer Price Index at Year-End 2010 Was

question 20

Multiple Choice

Suppose that the consumer price index at year-end 2010 was 180 and by year-end 2011 had risen to 189. What was the inflation rate during 2011?

• A) 4.8 percent
• B) 5 percent
• C) 6 percent
• D) 9 percent

---

Definitions:

Good

A concept that denotes positive moral qualities, beneficial outcomes, or something that is desirable and approved of in a society.

Most People Believe

A phrase indicating a common or widespread opinion or perception among the general population.

Believe

To accept something as true, genuine, or real without absolute proof.

Appeal to Ignorance

A logical fallacy that claims a proposition is true because it has not yet been proven false, or vice versa.