The Consumer Price Index (CPI)in 1974 Was 26

question 98

Multiple Choice

The consumer price index (CPI) in 1974 was 26.2.The CPI in 1975 was 29.The rate of inflation between 1974 and 1975 was

• A) 4.9%.
• B) 5.4%.
• C) 9.0%.
• D) 9.7%.
• E) 10.7%.

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Definitions:

Like Terms

Algebraic terms that have the same variable parts and powers.

Collect

Refers to gathering or bringing things together from multiple sources.

Like Terms

Terms in an algebraic expression that have the same variables raised to the same power, which can be combined or simplified.

Operation Indicated

The process of performing the mathematical operation (such as addition, subtraction, multiplication, or division) as specified by the given problem.