If All Prices in the Economy Go Up from One

question 183

Multiple Choice

If all prices in the economy go up from one year to the next, the CPI index, using the previous year as the base would

• A) be less than 100.
• B) be greater than 100.
• C) not be influenced since quantities have remained unchanged.
• D) not be determined since enough information is given.

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Definitions:

Forged Check

A check that has been illegally modified or fabricated entirely to benefit the person presenting it, often involving unauthorized signature.

E-money

Digital form of currency that can be used to make transactions electronically.

Virtual Cash

Digital or electronic money used for online transactions, not physically tangible.

Electronic Impulses

Electrical signals used in the transmission or processing of data in various technologies and devices.