Suppose the Consumer Price Index Was 100 in 2000 and 300

question 71

Multiple Choice

Suppose the consumer price index was 100 in 2000 and 300 in 2010.This implies that the average price level:

• A)increased by 20 percent during this period.
• B)increased by 100 percent during this period.
• C)increased by 200 percent during this period.
• D)increased by 300 percent during this period.

---

Definitions:

Actual Product

The tangible good or service offered to customers, encompassing its features, quality, branding, and packaging.

Sales Presentation

A pitch or demonstration given to potential buyers with the aim of promoting and selling a product or service.

Radio Commercials

Advertising messages broadcasted on radio stations to reach a wide audience with the intent of promoting products or services.

Idea Development

The process of refining and enhancing an idea or concept to increase its potential for success or applicability.