If Inflation in Wonderland Averaged About 3% Per Month in 2013

question 117

Multiple Choice

If inflation in Wonderland averaged about 3% per month in 2013, what was the annual rate of inflation?

• A) 36.00%
• B) 42.58%
• C) 40.09%
• D)41.27%

---

Definitions:

Utilitarianism

An ethical theory that states that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Greenpeace

An international environmental organization that promotes earth-friendly policies and actions.

Corporate Citizenship

The behavior of a company viewed in terms of its contribution to society through its ethical business practices and social responsibility initiatives.

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies.