If the Price Index Was 90 in Year 1,100 in Year

question 194

Multiple Choice

If the price index was 90 in year 1,100 in year 2,and 95 in year 3,then the economy experienced

• A)10 percent inflation between years 1 and 2 ,and 5 percent inflation between years 2 and 3.
• B)10 percent inflation between years 1 and 2,and 5 percent deflation between years 2 and 3.
• C)11.1 percent inflation between years 1 and 2,and 5 percent inflation between years 2 and 3.
• D)11.1 percent inflation between years 1 and 2,and 5 percent deflation between years 2 and 3.

---

Definitions:

Job Identification Section

Part of a job description or document that includes basic information about the job, such as title, department, and sometimes the immediate supervisor or reporting lines.

Job Duties Section

A portion of a job description that outlines the specific tasks, responsibilities, and functions of a position.

Job Title

A designation assigned to a specific job within an organization that reflects the nature of the job and the level of responsibility.

Employee/Job Incumbent Interview

This is a method used in job analysis where current employees performing the job are interviewed to gather information about job duties, skills, and work environment.