Suppose That a Price Index in Paraguay Was 131 in 2015

question 89

Multiple Choice

Suppose that a price index in Paraguay was 131 in 2015 and 152 in 2016. The inflation rate between those two years was approximately

• A) 10.5 percent.
• B) 11.6 percent.
• C) 16 percent.
• D) 21 percent.

---

Definitions:

Removable Ore

Ore that can be extracted and processed from a mine site for a profit.

Original Condition

The state of an asset or item as it was initially acquired or received, before any modifications, repairs, or restoration.

Impairment Loss

The amount by which the carrying amount of an asset exceeds its recoverable amount, leading to a decrease in the asset's value on the financial statements.

Straight-Line Depreciation

A process of distributing the expenditure of a tangible asset across its useful life in identical annual amounts.