In a Particular Economy,the Price Index Was 120 in 2012

question 4

Multiple Choice

In a particular economy,the price index was 120 in 2012 and 130 in 2013.Which of the following statements is correct?

• A)The economy experienced a rising price level between 2012 and 2013.
• B)The economy experienced a higher inflation rate between 2012 and 2013 than it had experienced between 2011 and 2012.
• C)The inflation rate between 2012 and 2013 was 10 percent.
• D)The base year is 2011.

---

Definitions:

Microsoft

A multinational technology company known for its software, services, and devices, including the Windows operating system.

Search Engine

A software system designed to carry out web searches, allowing users to find information on the internet by entering keywords or phrases.

China

A country located in East Asia, known for its long history, rich culture, and significant influence on world economy and politics.

Multicultural Audience

A group of individuals from various cultural, ethnic, and racial backgrounds for whom content or messages are tailored.