Suppose the Price Index Was 100 in 2004, 118 in 2005

question 145

Multiple Choice

Suppose the price index was 100 in 2004, 118 in 2005, and the inflation rate was lower between 2005 and 2006 than it was between 2004 and 2005. This means that

• A)the price index in 2006 was lower than 118.
• B)the price index in 2006 was lower than 136.
• C)the price index in 2006 was lower than 139.24.
• D)the inflation rate between 2005 and 2006 was lower than 1.18 percent.

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Definitions:

Patent

A legal right granted to an inventor that excludes others from making, using, selling, or importing the patented invention without permission.

2 Years

A common timeframe used in business planning and projections to evaluate performance and milestones.

Sole Proprietorship

A business structure where an individual owner operates the company and is personally responsible for its debts.

Personally Responsible

Taking ownership and accountability for one's actions and duties, being reliable in fulfilling obligations and commitments.