Table 13-19 -Refer to Table 13-19

question 146

Multiple Choice

Table 13-19
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal Average Hourly } \\\text { Earnings }\end{array} & \begin{array} { c } \text { CPI } \\( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \end{array} \\\hline 2011 & \$ 10 & 100 \\\hline 2012 & 10 & 105 \\\hline 2013 & 12 & 110\\\hline\end{array}$$
-Refer to Table 13-19.Looking at the table above,what is the rate of growth of the average price level from 2011 to 2012?

• A)1%
• B)2%
• C)3%
• D)4%
• E)5%

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Definitions:

Employees of the Partnership

Individuals who work for a partnership, contributing their labor in exchange for wages or salaries, but are not partners themselves.

Land Dispute

Controversies or disagreements over the ownership, boundaries, or usage rights of land between parties.

Judicially Admitted

Statements or facts that have been acknowledged and accepted by a court as true and valid.

Partnership by Estoppel

A legal doctrine that treats a non-partner as a partner due to their actions or representations to third parties.