The Price Index Was 136 in One Year and 142

question 166

Multiple Choice

The price index was 136 in one year and 142 in the next year.What was the inflation rate between the two years?

• A)1.04 percent
• B)4.41 percent
• C)6.00 percent
• D)42.00 percent

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Definitions:

Collaborative Writing

A process where multiple individuals work together to produce a single document or piece of content, emphasizing teamwork and shared objectives.

Outlining

The process of structuring main ideas and supporting details in a hierarchical format to plan written documents or presentations.

Research

Systematic investigation to establish facts, gather information, and reach new conclusions.

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.