If the CPI Was 121

question 188

Multiple Choice

If the CPI was 121.5 at the end of last year and 138.3 at the end of this year, the inflation rate over these two years was

• A) 10.2 percent.
• B) 13.8 percent.
• C) 12.2 percent.
• D) 16.8 percent.

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Definitions:

Criticisms

The act of expressing disapproval and a detailed analysis and assessment of something, especially a literary, philosophical, or political theory.

Characteristics

Features or qualities that distinguish an individual, object, or phenomena from others.

Phenomenon

An observable event or fact, especially one that is not fully understood.

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Evidence provided by individuals who were present during an event, offering their personal observations and recollections.