Suppose That Last Year the Consumer Price Index Was 124;

question 148

Multiple Choice

Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?

• A) 30.7 percent
• B) 6.7 percent
• C) 5.4 percent
• D) 5.1 percent

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Definitions:

Ratio

A relationship between two numbers showing how many times one value contains or is contained within the other.

Men to Women

Refers to anything designed, targeted, or transitioning from men to women, whether in context of products, services, or gender transition.

Cultural Context

The various societal norms, values, beliefs, and practices that influence and shape the way messages are understood and interpreted.

Communication

The process of exchanging information, ideas, or feelings between individuals or groups, typically through speaking, writing, or using some other medium.