If the Consumer Price Index Was 100 in the Base

question 12

Multiple Choice

If the consumer price index was 100 in the base year and 107 the following year, what was the inflation rate?

• A)107 percent
• B)10.7 percent
• C)7 percent
• D)0.7 percent

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Definitions:

Hegemony

The domination or leadership of one country or social group over others.

False Consciousness

A concept in Marxist theory that describes the scenario where oppressed classes are misguided about their real interests and conditions due to dominant ideological frameworks.

Subordinate Class

A social group that is positioned at a lower rank or status within a hierarchical society, often facing inequalities.

Basic Ideology

Fundamental beliefs, values, and ideas that shape the political, economic, or social structures of a society.