Exhibit 19-7

question 24

Multiple Choice

Exhibit 19-7.The following table shows the value of CPI for three years in a country. Refer to Exhibit 19-7.What is the annual inflation rate for 2005?

• A)1.46%
• B)3.36%
• C)4.87%
• D)1.8%

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Definitions:

Capital

Assets used for the production of goods and services, such as machinery, buildings, and equipment.

Association Is Causation

The incorrect assumption that a relationship between two variables implies that one causes the other; a logical fallacy often encountered in statistical analysis.

Apple Computers Stock

Financial shares representing ownership in Apple Inc., an American multinational technology company known for products like the iPhone and Mac computers.

Economist

A professional practitioner or scholar who studies the production, distribution, and consumption of goods and services.