If the Consumer Price Index Falls from 120 to 116

question 201

Multiple Choice

If the consumer price index falls from 120 to 116 in a particular year, the economy has experienced

• A)inflation of 4 percent.
• B)inflation of 3.33 percent.
• C)deflation of 3.33 percent.
• D)deflation of 4 percent.

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Definitions:

Solve

The act of discovering a solution or answer to a problem or equation in mathematics.

Expression

An expression in mathematics is a combination of numbers, variables, operators, and sometimes parentheses that represents a value.

Solve

The process of finding the value(s) that satisfy an equation, inequality, or system of equations.

Solve

To solve an equation means to find all possible values of the variable that make the equation true.