In a Particular Economy, the Price Index Was 270 in 2005

question 50

Multiple Choice

In a particular economy, the price index was 270 in 2005 and 300 in 2006. Which of the following statements is correct?

• A)The economy experienced a rising price level between 2005 and 2006.
• B)The economy experienced a higher inflation rate between 2005 and 2006 than it had experienced between 2004 and 2005.
• C)The inflation rate between 2005 and 2006 was 30 percent.
• D)All of the above are correct.

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Definitions:

Pulse

The rhythmic expansion and contraction of an artery as blood is forced through it, typically checked to measure the heart rate.

Respiratory Rate

The number of breaths a person takes per minute, which is an essential vital sign in health assessments.

Pulse Oximetry

A non-invasive method used to measure the oxygen saturation level of the blood, typically by attaching a device to a fingertip, toe, or earlobe.

Acetaminophen

A medication used to reduce fever and relieve pain, also known as paracetamol in some countries.