Suppose That the Consumer Price Index of a Country Was

question 118

Multiple Choice

Suppose that the consumer price index of a country was 160 at Year X and 164 at the end of Year Y.What was the country's inflation rate during Year Y?

• A) 5%
• B) 2.5%
• C) 64%
• D) 164%
• E) 32%

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Definitions:

Two-Income Parents

Households in which both parents are employed and contribute to the family's income, often for financial stability or to achieve a higher standard of living.

Parenting Duties

Responsibilities and tasks involved in raising children, including providing for their physical, emotional, and educational needs.

Work Hours

The specific times or period during which an individual is expected to perform job-related tasks.

Stay-at-Home Mom

A mother who chooses to not work outside the home to devote time to domestic responsibilities and child-rearing.