Suppose the Price Index Was 100 in 2014,109 in 2015,and

question 30

Multiple Choice

Suppose the price index was 100 in 2014,109 in 2015,and the inflation rate was lower between 2015 and 2016 than it was between 2014 and 2015.This means that

• A)the price index in 2016 was lower than 109.0.
• B)the price index in 2016 was lower than 118.9.
• C)the price index in 2016 was lower than 118.0.
• D)the inflation rate between 2015 and 2016 was lower than 1.09 percent.

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Definitions:

Custodian of Freedom

A term that implies the responsibility of protecting and preserving the liberties and rights of a group or nation.

Burlingame Treaty

An 1868 agreement between the United States and China that recognized mutual rights of their citizens and encouraged cultural and commercial exchange.

Sovereignty of China

The authority and autonomy of China as a state to govern itself, free from external control or influence, which has been a significant issue in its historical relations with foreign powers.

Declaration of War

A formal announcement by a sovereign or government declaring a state of war between it and another state.