The CPI Was 172 in 2007,and the CPI Was 46

question 92

Multiple Choice

The CPI was 172 in 2007,and the CPI was 46.5 in 1982.If your parents put aside $1,000 for you in 1982,then how much would you have needed in 2007 in order to buy what you could have bought with the $1,000 in 1982?

• A)$270.35
• B)$1,255.00
• C)$2,698.92
• D)$3,698.92

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Definitions:

Hierarchy

A structure where groups or individuals are organized in levels of importance or power, each one superior to the one below.

Informal

Informal pertains to actions or situations that occur without official formality, often characterized by a relaxed, casual approach.

Midpoint Transition

The phase in a project or process where there is a shift from the planning and development stages to the implementation and completion stages.

Organizational Behaviour

The study of how people interact within groups in a workplace setting and how this affects the performance, motivation, and structure of an organization.