Which of the Following Statements Is True

question 131

Multiple Choice

Which of the following statements is true?

• A)Even if we know the values of the consumer price index for the years 2009 and 2010,we cannot calculate the inflation rate for 2010 if we do not know which year is the base year.
• B)If we know the base year is 1990,and if we know the value of the consumer price index for the year 2010,then we have all the information we need to calculate the inflation rate for 2010.
• C)If we know the base year is 2000,and if we know the value of the consumer price index for the year 1995,then we have all the information we need to calculate the inflation rate for 1995.
• D)If we know the base year is 2000,and if we know the value of the consumer price index for the year 1995,then we have all the information we need to calculate the percentage change in the cost of living between 1995 and 2000.

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Definitions:

Communal Utopian Experiments

Social and economic endeavors in which communities attempted to create ideal societies with equitable distribution of resources.

The Shakers

A religious sect known for its unique practices of celibacy, communal living, and rhythmic dancing, as well as its craftsmanship and furniture design.

New Harmony

A historic town in Indiana, US, known for being the site of two attempts at utopian community living in the early 19th century.

William Lloyd Garrison

An American abolitionist writer and publisher who campaigned against slavery in the United States during the 19th century.