Table 13-7 -Refer to Table 13-7

question 71

Multiple Choice

Table 13-7
$$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { CPI } \\( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \end{array} \\\hline 2012 & 175 \\\hline 2013 & 180 \\\hline\end{array}$$
-Refer to Table 13-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2012 and 2013?

• A)2.9%
• B)3.5%
• C)4.6%
• D)5%
• E)7.5%

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Definitions:

Normative Theories

Theories that prescribe how the world should be or how ethical dilemmas should be resolved, based on values and principles.

Monitoring Costs

Expenses associated with the oversight and management of investments or other financial activities to ensure compliance and performance objectives.

Bonding Costs

Expenses associated with obtaining bonds that guarantee the performance of a contract or the fulfillment of an obligation.

Shareholders

Individuals or entities that own shares in a corporation, thereby having an equity stake in the company's assets and profits.