Suppose That the Consumer Price Index Was 140

question 38

Multiple Choice

Suppose that the consumer price index was 140.3 in 2012 and 144.5 in 2013.Therefore,the rate of inflation in 2013 was about:

• A) 6.7 percent.
• B) 3.0 percent.
• C) 1.2 percent.
• D) 13.6 percent.

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Definitions:

UCC

The Uniform Commercial Code constitutes a thorough legislative framework that governs all kinds of business interactions throughout the United States.

Inspection

The process of examining something carefully, typically to ensure compliance with standards, regulations, or conditions.

Acceptance

In contract law, the act of agreeing to the terms of an offer, thereby creating a binding contract between two or more parties.

Shipped Goods

Items or products that have been transported from one location to another, typically through a commercial carrier.