If the Consumer Price Index for 2009 Was 148

question 175

Multiple Choice

If the consumer price index for 2009 was 148.3 and for 2010 was 152.5, what was the inflation rate between the two years?

• A)0.97%
• B)2.83%
• C)4.20%
• D)9.72%

---

Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting liabilities, representing the ownership interest of shareholders.

Pre-acquisition Profits

The earnings generated by an acquired company prior to the date on which it was acquired by the parent company.

Jointly Controlled Entity

A business arrangement under shared control by two or more parties, each having strategic and financial control.