The Rate of Inflation Can Be Found by Subtracting

question 122

Multiple Choice

The rate of inflation can be found by subtracting:

• A)the real income from the nominal income.
• B)last year's price index from this year's price index.
• C)this year's price index from last year's price index and dividing the difference by this year's price index.
• D)last year's price index from this year's price index and dividing the difference by last year's price index.

---

Definitions:

Telegraphic Speech

A simplified speech pattern used by young children, characterized by short, simple phrases that contain only the essential information, much like an old-fashioned telegram.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition, suggesting language influences thought processes.

Framing

The way information is presented to users, which can significantly influence their decisions and judgments.

Bigot

A person who is intolerantly or unreasonably attached to a belief, opinion, or faction, especially one who exhibits intolerance toward those of differing beliefs.