If the Price Index in the First Year Was 90,in

question 22

Multiple Choice

If the price index in the first year was 90,in the second year was 100,and in the third year was 95,what were the inflation rates over those years?

• A)The economy experienced 11 percent inflation between the first and second years and 5 percent inflation between the second and third years.
• B)The economy experienced 11 percent inflation between the first and second years and 5 percent deflation between the second and third years.
• C)The economy experienced 10 percent inflation between the first and second years and 5 percent inflation between the second and third years.
• D)The economy experienced 10 percent inflation between the first and second years and 5 percent deflation between the second and third years.

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Definitions:

Diterpene

A type of terpene consisting of four isoprene units, making up 20 carbon atoms, often found in essential oils and used in medicines and perfumes.

Prostaglandin

A collection of lipid compounds that are physiologically active and exhibit various hormone-like actions in animals.

Carboxyl Group

A functional group consisting of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group, denoted as -COOH in organic compounds.

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals, derived enzymatically from fatty acids.