For an Imaginary Economy,the Value of the Consumer Price Index

question 67

Multiple Choice

For an imaginary economy,the value of the consumer price index was 140 in 2013 and 146.5 in 2014.The economy's inflation rate for 2014 was

• A)4.6 percent.
• B)6.5 percent.
• C)4.4 percent.
• D)46.5 percent.

---

Definitions:

Vicarious Response

A reaction experienced in response to observing another person's experiences or emotions.

Learning

The acquisition of knowledge, skills, values, or behaviors through study, experience, or teaching.

Permanent Change

A lasting alteration in behavior, situation, or environment that does not revert back to its original state.

Cognition

The act of learning and comprehending by using one's thoughts, experiences, and sensory inputs.