If 2004 Is the Base Year,then the Inflation Rate for 2005

question 66

Multiple Choice

If 2004 is the base year,then the inflation rate for 2005 equals

• A) \(\frac{\text { CPI in } 2005-\mathrm{CPI} \text { in } 2004}{\text { CPI in } 2004} \times 100\)
• B) \(\frac { \text { CPI in } 2005 - \text { CPI in } 2004 } { \text { CPI in } 2005 } \times 100 .\)
• C) \(\frac { \text { CPI in } 2004 - \text { CPI in } 2005 } { \text { CPI in } 2004 } \times 100 .\)
• D) \(\frac { \text { CPI in } 2004 - \text { CPI in } 2005 } { \text { CPI in } 2005 } \times 100\)

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Monopolists

Firms or individuals who are the sole providers of a particular good or service, possessing significant control over market price.

Constitutional Rights

Rights afforded to individuals by the constitution of a country, which are intended to protect freedoms from governmental interference or restriction.

Buyers

Individuals or entities that purchase goods or services in a market.