If the Price Index Was 90 in Year 1,100 in Year

question 194

Multiple Choice

If the price index was 90 in year 1,100 in year 2,and 95 in year 3,then the economy experienced

• A)10 percent inflation between years 1 and 2 ,and 5 percent inflation between years 2 and 3.
• B)10 percent inflation between years 1 and 2,and 5 percent deflation between years 2 and 3.
• C)11.1 percent inflation between years 1 and 2,and 5 percent inflation between years 2 and 3.
• D)11.1 percent inflation between years 1 and 2,and 5 percent deflation between years 2 and 3.

---

Definitions:

Preconventional Morality

The first level in Kohlberg’s theory of moral development, where moral reasoning is based primarily on external consequences and rewards.

Conventional Morality

A stage in moral development where individuals make moral decisions based on societal rules and laws.

Intuitionist

An advocate or adherent of intuitionism, a philosophy that posits the primary role of intuition in knowledge or moral judgment.

Statistician

A professional specializing in the collection, analysis, interpretation, and presentation of numerical data.