Suppose That the Consumer Price Index Was 140

question 38

Multiple Choice

Suppose that the consumer price index was 140.3 in 2012 and 144.5 in 2013.Therefore,the rate of inflation in 2013 was about:

• A) 6.7 percent.
• B) 3.0 percent.
• C) 1.2 percent.
• D) 13.6 percent.

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Definitions:

Digitize Data

The process of converting information into a digital format that can be processed, stored, and transmitted electronically.

Data Expansion

The process of increasing the amount or granularity of data, often through adding detail, breaking down categories, or incorporating additional sources.

Synchronous

Refers to events or processes that occur at the same time or at the same rate.

Exchange

The act of giving one thing and receiving another in return, especially in a trade or economic context.