Table 20-9 -Refer to Table 20-9

question 82

Multiple Choice

Table 20-9
$$\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } ( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \\\hline 2015 & 100 \\\hline 2016 & 113 \\\hline\end{array}$$
-Refer to Table 20-9.Suppose that the data in the table above reflect the price levels in the economy.Given that data,we can say that the cost of living rose by ________ between 2015 and 2016?

• A)2%
• B)5%
• C)8%
• D)11%
• E)13%

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Definitions:

Assets

Resources owned by a company or individual, including cash, inventory, properties, and equipment, that are expected to provide future economic benefits.

Liabilities

Financial obligations a company owes to outside parties, such as loans, accounts payable, and mortgages.

Assets

Company-owned valuables that offer economic benefits and are expected to provide future profit.

Revenue

The total amount of money received by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.