If the CPI Is Currently 202,what Does This Tell You

question 164

Multiple Choice

If the CPI is currently 202,what does this tell you about inflation between last year and this year?

• A)There was deflation in the economy between this year and last year.
• B)Inflation in the economy between this year and last year was 2%.
• C)Inflation in the economy between this year and last year was 102%.
• D)The CPI measures only the level of prices in a given year,not the percentage change in prices from one year to the next.

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Definitions:

Benchmark

A standard or point of reference against which things may be compared or assessed, often used in performance testing of computer hardware or software.

WAN

Short for Wide Area Network, a telecommunications network that extends over a large geographical area for the purpose of computer networking.

LAN

Short for Local Area Network, a network that connects computers within a limited area such as a home, school, or office building, facilitating communication and resource sharing.

HAN

Home Area Network, a network that connects digital devices within a home, allowing them to communicate with each other and with internet services.