If This Year the CPI Is 110 and Last Year

question 10

Multiple Choice

If this year the CPI is 110 and last year it was 100, then

• A) the cost of the CPI basket of goods and services has increased this year by 110 percent.
• B) the price level as measured by the CPI has increased by 10 percent.
• C) the inflation rate for this year has increased by 10 percent over last year's inflation rate.
• D) All of the above are correct.

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Definitions:

Sexist

Prejudiced beliefs or discrimination based on a person's sex or gender, often manifesting in practices that disadvantage women.

Dismissal

The act of terminating an employee's contract or employment, often due to underperformance or disciplinary issues.

Unionized Organization

A workplace where a labor union represents the interests of the employees in negotiations with management.

Reinstatement

The act of restoring someone or something to a previous position or status, often used in employment contexts when a job is returned to a previously terminated employee.