In the Current Year,the CPI Is 122 and During the Previous

question 266

Multiple Choice

In the current year,the CPI is 122 and during the previous year the CPI was 115.The inflation rate between these years is

• A)5.7 percent.
• B)6.1 percent.
• C)-5.7 percent.
• D)-6.1 percent.
• E)1.61 percent.

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Definitions:

Dollar Sales

The total revenue generated from the sale of goods or services, calculated in dollar terms.

Break-Even

A financial situation in a business where the income equals the costs, leading to neither profit nor loss.

Monthly

Pertaining to something that occurs, is calculated, or reported every month.

Variable Expense

An expense that changes in proportion to production output or sales.