If the CPI Is 100 in the Base Year and 106

question 15

Multiple Choice

If the CPI is 100 in the base year and 106 in the current year,how much did prices rise between the base year and the current year?

• A) 6 percent
• B) 106 percent
• C) 1.06 percent
• D) 0.06 percent
• E) 60 percent

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Definitions:

Agreed Upon

A condition or decision reached by two or more parties after a negotiation or discussion.

Hula Hoop

A large hoop that can be twirled around the waist, limbs, or neck for sport or entertainment.

Rebate

A return of part of the original payment for some service or merchandise, serving as a discount or reduction after the purchase.

Void Contract

refers to an agreement with no legal effect from the beginning due to an illegal purpose or violation of a mandatory statute.