Assume That the CPI in 2018 Was 217, While the CPI

question 101

True/False

Assume that the CPI in 2018 was 217, while the CPI in 1990 was 82. If a person had $6000 in 1990, its equivalent purchasing power in 2018 would be $10 850.

---

Definitions:

Economic Deprivation

Refers to a state where individuals or groups lack the financial resources and essentials for a minimum standard of living.

Labelling

The process of categorizing individuals or groups based on attributes, often leading to stereotyping or stigmatization.

Relative Deprivation

Is an intolerable gap between the social rewards people feel they deserve and the social rewards they expect to receive.

Social Breakdown

The disintegration of societal structures and norms, leading to widespread chaos or dysfunction.