The Price Index in 2014 Is 120,and in 2015 It

question 23

Multiple Choice

The price index in 2014 is 120,and in 2015 it is 127.2.What is the inflation rate?

• A) 5 percent
• B) 6 percent
• C) 7.2 percent
• D) 8.4 percent

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Definitions:

Nuclear Bomb

A weapon of mass destruction that derives its destructive force from nuclear reactions, either fission or a combination of fission and fusion.

Commonly Accepted Idea

A belief, notion, or opinion that is widely accepted or held to be true by the majority.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, known also as the "knew-it-all-along" effect.

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