Which of the Following Pairs of Values of the Consumer

question 164

Multiple Choice

Which of the following pairs of values of the consumer price index (CPI) is consistent with an inflation rate of 10 percent for 2014?

• A)CPI in 2014 = 90;CPI in 2015 = 100
• B)CPI in 2014 = 102;CPI in 2015 = 112
• C)CPI in 2013 = 210;CPI in 2014 = 220
• D)CPI in 2013 = 210;CPI in 2014 = 231

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Definitions:

Manage Money

The process of organizing, planning, and controlling financial resources effectively to meet personal or business goals.

Budget

An estimate of income and expenditure for a set period of time.

Fixed Expense

Costs that do not vary in amount and are paid on a regular basis, such as rent or mortgage payments.

Recurring Expense

Ongoing financial obligations that individuals or businesses regularly pay, such as rent, utilities, or subscription services.