The Price Index Was 320 in One Year and 360

question 227

Multiple Choice

The price index was 320 in one year and 360 in the next year.What was the inflation rate?

• A) 9 percent
• B) 11.1 percent
• C) 12.5 percent
• D) 40 percent

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Definitions:

Operationalization

Specific manner in which variables in a study are measured or manipulated.

Variables

Variables are elements, features, or factors that are liable to vary or change, often used in experiments to determine if they affect the outcome.

Independent Variable

In an experimental setting, the variable that is manipulated to observe its effect on a dependent variable.

Dependent Variable

In research, the variable that is being tested and measured, often seen as the effect in an experimental study.