Suppose That the Consumer Price Index at Year-End 2010 Was

question 20

Multiple Choice

Suppose that the consumer price index at year-end 2010 was 180 and by year-end 2011 had risen to 189. What was the inflation rate during 2011?

• A) 4.8 percent
• B) 5 percent
• C) 6 percent
• D) 9 percent

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Definitions:

Economic Performance

An assessment of the effectiveness of an economy in terms of productivity, growth, and market health.

Company's Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Open Communication

A policy or practice that emphasizes transparency, freedom to express ideas, and the flow of information within an organization or group.

Values

Principles or standards of behavior; one's judgment of what is important in life.