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:

Goods

Physical items that are produced, bought, or sold to satisfy wants or needs of consumers.

Services

Intangible products provided to consumers, such as healthcare, education, and financial advice, that do not result in ownership of any physical goods.

Supply Chain

The network of suppliers, manufacturers, distributors, and retailers that work together to produce and deliver products to the end consumer.

Global Operations

Business activities conducted on an international scale, encompassing the production, distribution, marketing, and sales of goods and services around the world.