Assume That the Consumer Price Index for 2009 Was 103

question 380

Multiple Choice

Assume that the consumer price index for 2009 was 103.9 and for 2010 was 107.6. What was the inflation rate between the two years?

• A)0.97%
• B)1.04%
• C)3.56%
• D)3.70%

---

Definitions:

Delivery

The process of transporting goods from one location to another or the act of handing over possession or control.

Contract Price

The agreed-upon price for goods or services set forth in a contractual agreement.

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.

Futures Contract

A contractual arrangement to purchase or sell a specified asset, like a commodity or financial instrument, at an agreed-upon price on a future date.