A CPI That Equals 1

question 102

Multiple Choice

A CPI that equals 1.34 in 2008 (when 2000 is the base year) means that:

• A)prices in 2008 are 34 percent higher than in 2007.
• B)the CPI equals $1.34 in 2008.
• C)the inflation rate in 2008 is 134 percent.
• D)the average level of prices is 34 percent higher in 2008 than in the base year.

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Definitions:

Big Five

A personality model identifying five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

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A personality trait that denotes the ability to remain calm and composed under stress or pressure.

Reflexivity

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