At the End of Last Year the Consumer Price Index

question 357

Multiple Choice

At the end of last year the Consumer Price Index was equal to 157.5 and at the end of this year it was equal to 163.8. What is the inflation rate over this time period?

• A) 6.3 percent
• B) 4.0 percent
• C) 3.85 percent
• D) 10.1 percent

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Definitions:

Quality Auto Sales

A business that specializes in the sale of high-quality automobiles, focusing on customer satisfaction and vehicle reliability.

Transfer Right

The legal ability to transfer an ownership interest or right from one party to another.

Assignment of Rights

The transfer of rights, title, and interest from one party to another, often in a contract or agreement.

Delegation of Duties

Delegation of duties involves assigning responsibility and authority from one person to another for the completion of specific tasks or roles.