If the Consumer Price Index Increased from 1

question 88

Multiple Choice

If the Consumer Price Index increased from 1.52 to 1.65, then it must be the case that ______ relative to prices in the base year.

• A) all prices rose
• B) the weighted average level of prices rose
• C) all prices fell
• D) some prices rose and some prices fell

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Definitions:

Skills And Knowledge

The combined competencies and understanding one possesses, which are necessary for performing tasks and solving problems within their occupational area.

Implementation

The process of executing plans, strategies, or policies to achieve specific goals or bring a concept into action.

Knowledge, Skill, Ability

The set of theoretical understanding, practical expertise, and competency an individual has to perform tasks successfully.