The Table Given Below Reports the Consumer Price Index in a Country

question 124

Multiple Choice

The table given below reports the consumer price index in a country for four different years. Table 7.1
Refer to Table 7.1.If a bicycle used to cost $90 in 1990, what did it cost in 2003 based on the inflation rate (rounded to the first decimal place) ?

• A)$115.7
• B)$118.1
• C)$101.6
• D)$130.5
• E)$79.8

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Definitions:

Economics Club

A group or organization often found in academic institutions, where members discuss economic theories, current events, and sometimes engage in related projects or competitions.

Accounting Club

An organization or group often found in academic settings that focuses on the study and discussion of accounting practices, career development, and networking for accounting students and professionals.

Marginal Analysis

An examination of the benefits and costs of an additional unit of production or activity to make better decisions.

Tutoring

The act of providing individualized instruction or assistance to a student or learner in a specific subject area to improve their understanding or performance.