In a Particular Economy,the Price Index Was 120 in 2012

question 4

Multiple Choice

In a particular economy,the price index was 120 in 2012 and 130 in 2013.Which of the following statements is correct?

• A)The economy experienced a rising price level between 2012 and 2013.
• B)The economy experienced a higher inflation rate between 2012 and 2013 than it had experienced between 2011 and 2012.
• C)The inflation rate between 2012 and 2013 was 10 percent.
• D)The base year is 2011.

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Definitions:

Discretionary Behavior

Voluntary actions by employees that are not directly or explicitly recognized by the formal reward system, which can contribute positively or negatively to an organization.

Employee's Role

The specific set of responsibilities, tasks, and duties assigned to an employee within an organization, along with the expectations for how those tasks are to be performed.

Emotions Discrepancy

The gap between the emotions one feels and the emotions one shows or is expected to show in a social context.

Job Satisfaction

The level of contentment employees feel regarding their jobs, influenced by factors like work environment, compensation, and nature of work.