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:

U.S. Productivity

A measure of the efficiency of production in the United States, typically evaluated in terms of the output of goods and services per unit of labor input.

U.S. Incomes

Refers to the distribution of earnings and wealth among individuals and families within the United States.

Economic Conditions

The state of the economy at a given time, encompassing various factors including employment levels, inflation rate, and GDP growth.

Inflation

The quickness with which the average market prices for goods and services grow, reducing the realm of purchasing.