If the Consumer Price Index Is 125 at the End

question 84

Multiple Choice

If the consumer price index is 125 at the end of 2011 and is 150 at the end of 2012,then the inflation rate for 2012 is

• A) 15%.
• B) 20%.
• C) 25%.
• D) 125%.
• E) 150%.

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Definitions:

Outpatient Facilities

Medical centers or clinics where patients receive treatment without being admitted overnight, including diagnostic services and minor surgical procedures.

Rising Health Care Costs

The increasing expenses associated with medical care services and products.

Medical Illnesses

Conditions that cause dysfunction or discomfort to a person’s health, often requiring medical treatment.

Demand for Health Care

The quantity of health-related services that consumers are willing and able to purchase at various prices, reflecting society's need for medical services.