If the Price Index Is 130,this Means That

question 175

Multiple Choice

If the price index is 130,this means that

• A) prices are 130% higher than in the base year.
• B) prices are 0.13 times higher than in the base year.
• C) prices are 30% higher than in the base year.
• D) nominal GDP must be inflated to determine the real GDP.
• E) prices are 30% lower than in the base year.

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Definitions:

False Claims Act

An act that allows employees to sue employers on behalf of the federal government for fraud against the government. The employee retains a share of the recovery as a reward for his or her efforts.

Medicare Claims

Requests for payment that healthcare providers submit to Medicare for services rendered to Medicare beneficiaries.

Healthcare Facility

A place that provides medical care and treatment to the sick or injured, such as hospitals, clinics, and long-term care facilities.

Miranda Rights

A set of rights read to a person in the United States by law enforcement before they are interrogated to ensure they are aware of their Fifth Amendment rights against self-incrimination.