The Consumer Price Index in June 2006 Was 159

question 121

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) Rose 59.3%
• B) Rose 100.0%
• C) Rose 159.3%
• D) Declined 159.3%

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Definitions:

Business Profits

The monetary surplus achieved by a company after all operating expenses, taxes, and costs have been subtracted from total revenue.

Partners

Individuals or entities who share ownership and responsibilities in a business or venture.

Income

Monetary returns that come on a recurring basis, either from being employed or from putting money into investments.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, given the strategies of all other players in the game.