If the Price Index Last Year Was 1

question 70

Multiple Choice

If the price index last year was 1.0 and today it is 1.4,what is the inflation rate over this period?

• A)-4%
• B)1)4%
• C)4%
• D)40%

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Definitions:

Self-Concept

An individual’s perception of self, incorporating attitudes, beliefs, and feelings about oneself, which can influence behavior and social interactions.

Defence Mechanisms

Psychological strategies brought into play by individuals, groups, or even nations to cope with reality and to maintain self-image.

Phenomenology

The philosophical study of the structures of experience and consciousness.

Self-Actualization

The act of actualizing one's aptitudes and prospects, thought of as a basic drive or compulsion in all people.