If the CPI Equals 100 in Year One (The Base

question 59

Multiple Choice

If the CPI equals 100 in year one (the base year) and equals 106 in year two,what can be concluded?

• A)The rate of inflation from year one to year two equals +106 percent.
• B)The rate of inflation from year one to year two equals -6 percent.
• C)The rate of inflation from year one to year two equals +6 percent.
• D)National income has increased by 6 percent from year one to year two.

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Definitions:

Ethical Absolutism

The belief in universal ethical standards that apply to all cultures and individuals regardless of context or situation.

Situational Ethics

A philosophy that ethical decisions should be made based on the context of a particular situation rather than by following absolute moral rules.

Deontology

A branch of ethics that focuses on the morality of actions based on adherence to defined rules or duties, regardless of the outcomes.

Ethical Dilemma

A situation where a person is forced to choose between two morally correct but contradictory actions, with no clear solution.