If Last Year's Price Level Was 100 and This Year's

question 132

Multiple Choice

If last year's price level was 100 and this year's price level is 114, over the year the inflation rate has been

• A) 14 percent.
• B) 114 percent.
• C) 12 percent
• D) 100 percent.

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Definitions:

Antivirus Software

A program designed to detect, prevent, and remove malicious software (malware), including viruses from computers and networks.

Work-provided

Refers to tools, equipment, or resources supplied by an employer for employees to perform their job duties.

Cell Phone

A mobile device used to make calls using the cellular network (or wireless network, if enabled) and optionally to run apps.

Voicemail

A system that records messages from callers when the recipient is unavailable to answer the phone, allowing for later playback.