The Consumer Price Index (CPI)in Year One Was 145

question 134

Multiple Choice

The consumer price index (CPI) in year one was 145.The CPI in year two was 151.The rate of inflation between years one and two was

• A) 4.0%.
• B) 4.1%.
• C) 4.5%.
• D) 5.1%.
• E) 6.0%.

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Definitions:

Expensive Item

An object that is high in price or costs a significant amount of money, often implying it is of high quality or value.

Federal Hazardous Substances Act

A United States federal law that regulates the labeling and handling of hazardous substances to ensure consumer safety.

Warning Labels

Notices affixed to products providing information about potential risks or dangers associated with their use.

Dangerous Substances

Materials or chemicals that pose a risk to health, safety, property, or the environment due to their toxic, corrosive, flammable, or explosive nature.