If the CPI Was 128 at the End of 2013

question 16

Multiple Choice

If the CPI was 128 at the end of 2013 and 136 and the end of 2014, what was the inflation rate in 2014?

• A)4.2 percent
• B)5.9 percent
• C)6.25 percent
• D)8 percent
• E)9.4 percent

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Definitions:

Postconventional

A stage of moral development wherein individuals' ethics are governed by internal principles, and they understand that laws and rules may not always be just.

Conventional

Adhering to established norms, standards, or traditions, often seen as typical or traditional.

Preconventional

A level in Kohlberg's stages of moral development where moral reasoning is based on external consequences and individual needs.

Idealists

Individuals who prioritize ideals and principles over practical considerations, often aiming for perfection in various aspects of life.