Suppose That the Consumer Price Index of a Country Was

question 139

Multiple Choice

Suppose that the consumer price index of a country was 160 at year-end 2007 and 168 at the end of 2008. What was the country's inflation rate during 2008?

• A) 5 percent
• B) 8 percent
• C) 60 percent
• D) 68 percent

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Definitions:

Montezuma

The ninth Aztec emperor of Mexico, noted for his inability to effectively deal with the Spanish conquest led by Cortés.

West Coast

Usually refers to the westernmost coastal areas of a continent, in many contexts relating to the Pacific coast of the United States.

Fifteenth Century

The time period from the year 1401 to 1500, marking the later Middle Ages and leading into the Renaissance in Europe.

Portuguese

The Portuguese refers to the people of Portugal, a country in southwestern Europe, known for its exploratory achievements, maritime history, and cultural influences across the globe.