What Does It Mean to Say That the Inflation Rate

question 2

Multiple Choice

What does it mean to say that the inflation rate last year was 5%?

• A)All prices are 5% more at the end of the year than they were at the beginning of the year.
• B)The price of specific products increased 5% between the beginning and the end of the year.
• C)On average,a typical basket of goods costs 5% more at the end of the year than it did at the beginning of the year.
• D)The general purchasing power of the dollar has increased 5% between the beginning of the year and the end of the year.

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Definitions:

Genotype

The genetic makeup of an organism, consisting of all the genes and alleles present in its DNA.

Tongue Rolling

The ability to roll the tongue into a tube shape, thought to be influenced by genetic factors.

Genotype

Referring to the entire set of an organism's genes and their combinations, it essentially underpins potential and inherited traits.

P Generation

The parent generation in a genetic cross, from which offspring are derived in subsequent generations.