Consider a Nation in Which the Price Index Last Year

question 40

Multiple Choice

Consider a nation in which the price index last year was 130 and this year it is 150.Which statement is correct?

• A) Inflation was 20% this year.
• B) Deflation was 20% this year.
• C) Housing prices must have risen.
• D) Inflation was 38% this year.
• E) Deflation was 38% this year.

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Definitions:

Planned Change

The deliberate process of implementing new methods or systems in an organization to achieve specific goals.

Education and Communication

The use of training and effective communication strategies to inform, educate, and improve understanding among individuals or groups.

Resistance to Change

The reluctance or refusal to adapt to new methods, practices, or conditions, often due to fear, comfort with the status quo, or perceived threats.

7-day Rotation Schedule

A scheduling system in which employees or tasks rotate through a set pattern over a seven-day period, often used to cover continuous operations or services.