If the Consumer Price Index (CPI) at the End of Year

question 178

Multiple Choice

If the consumer price index (CPI) at the end of year one was 100 and was 108 at the end of year two, the inflation rate during year two was

• A) zero; the CPI of 100 indicates that prices were stable.
• B) 8 percent.
• C) 5 percent.
• D) 108 percent.

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Definitions:

Bedrock Canyons

Bedrock canyons are deep, narrow valleys with steep sides, carved into bedrock by the erosive action of flowing water over geological time periods.

Unconfined Channels

Natural river channels that are not constrained by man-made structures and are free to change course and flood.

Fraser River

A major river in British Columbia, Canada, known for its salmon runs and importance to the local ecosystem.

Vancouver

A major coastal city in western Canada, located in the Lower Mainland region of British Columbia.