You Read in the Newspaper That the Consumer Price Index

question 127

Multiple Choice

You read in the newspaper that the consumer price index in 2011 was 120. You conclude that a typical market basket in 2011 would have cost _____ more than the same market basket purchased in _____.

• A)20%; 2010
• B)120%; 2010
• C)20%; the base year
• D)120%; the base year

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Definitions:

Creative Response

The act of producing novel and useful ideas or solutions in reaction to a problem or challenge.

Avoiding Style

A conflict management strategy where individuals do not engage or confront the conflict directly in hopes it will resolve itself or diminish over time.

Cooperation

The process where individuals or groups work together towards a common goal or benefit.

Middle Adulthood

A stage of life typically characterized by ages 40 to 65, focusing on personal and professional achievement, health maintenance, and preparation for senior years.