The Following Table Shows the Value of CPI for Three

question 119

Multiple Choice

The following table shows the value of CPI for three years in a country. Which of the following is the annual inflation rate for 2005?

• A) 1.46%
• B) 3.36%
• C) 4.87%
• D) 1.8%

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Definitions:

Professionalization

Professionalization is the process by which an occupation transforms into a profession, typically by establishing formal training, educational standards, and ethical guidelines.

Wages High

Refers to compensation or earnings that are at the upper end of the pay scale, often above the average level within a particular job or industry.

Self-Fulfilling Prophecy

A self-fulfilling prophecy is an outlook or prediction that manifests into reality because of the interaction between belief and action.

Cultural Capital

A term coined by sociologist Pierre Bourdieu referring to non-financial social assets, like education, intellect, style of speech, or dress, that can promote social mobility.