The Price Index Was 220 in One Year and 238

question 106

Multiple Choice

The price index was 220 in one year and 238.2 in the next year.What was the inflation rate?

• A)8.3 percent
• B)108.3 percent
• C)4.8 percent
• D)38.2 percent

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Definitions:

Skepticism

A philosophical approach that questions the validity or authenticity of something purported to be factual.

Dogmatism

A tendency to lay down principles as incontrovertibly true, without consideration of evidence or the opinions of others.

Applied Social Psychology

The use of social psychological theories and principles to understand and address real-world problems and improve the quality of social life.

Intervention Strategies

Planned actions or approaches designed to address a problem or improve a situation, often used in education, psychology, and healthcare.