Suppose the CPI Is 200 in One Year and 206

question 49

Multiple Choice

Suppose the CPI is 200 in one year and 206 in the next year.What is the approximate annual rate of inflation as measured by the CPI?  

• A) 1 percent 
• B) 3 percent 
• C) 6 percent 
• D) 103 percent

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Systematic instructions or steps designed to perform a specific task or process effectively and efficiently.

Policies

Established guidelines or rules that govern the decision-making process and actions within an organization.

Operational Plans

Detailed plans formulated by an organization to implement its strategic goals, focusing on short-term actions and resources.

Strategic Plans

Strategic plans are forward-looking documents that outline an organization's goals and the strategies intended to achieve them over a long-term period.