If the Current Year CPI Is 140, Then the Price

question 71

True/False

If the current year CPI is 140, then the price level has increased 40 percent since the base year.

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Definitions:

RFID

Radio Frequency Identification, a technology used to transmit data wirelessly using electromagnetic fields to identify and track tags attached to objects.

Bar Codes

A machine-readable code in the form of numbers and a pattern of parallel lines used to identify a product.

Wireless Sensor

An autonomous device that monitors its own condition as well as physical and environmental conditions around it, such as temperature, sound, pressure, vibration, and movement.

IoT

Short for Internet of Things, it refers to the network of physical objects—devices, vehicles, buildings and other items embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data.