For an Imaginary Economy, the Value of the Consumer Price

question 201

Multiple Choice

For an imaginary economy, the value of the consumer price index was 140 in 2006 and 149.10 in 2007. The economy's inflation rate for 2007 was

• A)6.1 percent.
• B)6.5 percent.
• C)9.1 percent.
• D)49.1 percent.

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Definitions:

Sudan IV

A lysochrome (fat-soluble dye) used in histology to stain lipids, triglycerides, and lipoproteins in cells and tissues.

Colorimetric PH Indicator

A chemical compound that changes color in response to changes in pH, used to determine the acidity or alkalinity of a solution.

Neutral Substance

A chemical compound that is neither acidic nor basic in nature, often having a pH level of around 7.

Acidic Substance

A substance with a pH less than 7, which donates hydrogen ions when dissolved in water.