The Consumer Price Index in June 2006 Was 159

question 56

Multiple Choice

The Consumer Price Index in June 2006 was 159.3 (1982-84 = 100) . What does this indicate about prices from 1982-84 to June 2006?

• A)It rose 59.3%.
• B)It rose 100.0%.
• C)It rose 159.3%.
• D)It declined 159.3%.

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Definitions:

Flotation Cost

The total costs associated with issuing new securities, including fees for underwriting, legal advice, and registration.

Initial Cash Outlay

The initial funds and costs required to initiate a project, investment, or venture.

Pre-Tax Cost

The expense or cost incurred by an entity before the deduction of taxes.

Net Present Value

A financial measure that computes the disparity between the present value of cash coming in and going out over a certain period.