The Consumer Price Index (CPI)in 1930 Was 9

question 143

Multiple Choice

The consumer price index (CPI) in 1930 was 9.1.The CPI in 1931 was 8.2.The rate of inflation between 1930 and 1931 was

• A) - 9.9%.
• B) - 10.8%.
• C) 1.5%.
• D) 10.8%.
• E) 9.9%.

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Definitions:

Pearson Correlation

A statistical measure that evaluates the linear relationship between two continuous variables.

Critical Values

Threshold values on the scale of a test statistic beyond which the null hypothesis is rejected.

Variables

Any characteristics, number, or quantity that can be measured or counted.

Pearson Correlation

A measure of the linear correlation between two variables, ranging from -1 to 1, where 1 is total positive linear correlation, 0 is no linear correlation, and -1 is total negative linear correlation.