From 2009 to 2010,the CPI for Education Increased from 279

question 15

Multiple Choice

From 2009 to 2010,the CPI for education increased from 279.3 to 281.8.What was the inflation rate for education between 2009 and 2010?

• A)0.9%
• B)9.0%
• C)2.5%
• D)90%

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Definitions:

Normal Balance

The usual debit or credit balance that an account type is expected to have, which helps in ensuring the correct recording of transactions.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

Dividends Declared

Profits distributed by a company to its shareholders, usually determined by the board of directors, and not yet paid out.

Normal Balance

The side (debit or credit) of an account that is typically increased; for assets and expenses, it's a debit; for liabilities, equity, and revenue, it's a credit.