The Consumer Price Index (CPI)in Year One Was 155

question 60

Multiple Choice

The consumer price index (CPI) in year one was 155.The CPI in year two was 164.The rate of inflation between years one and two was

• A) 4.0%.
• B) 5.5%.
• C) 5.8%.
• D) 6.4%.
• E) 9.0%.

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Definitions:

Execute Policy

The act of implementing or carrying out a set of directives or procedures laid down by an organization or government.

Obtain Capital

The act of securing funds or resources to finance business operations, typically through borrowing, equity investment, or earnings.

Limited Liability

A legal structure that limits the financial responsibility of owners or shareholders to the amount they invested in the business, protecting personal assets from company debts and liabilities.

Share Transferability

The ease with which shares of a company can be bought, sold, or transferred among individuals or entities.