If the Price Index for a Particular Year Is 110

question 21

Multiple Choice

If the price index for a particular year is 110, it implies that ________.

• A) prices have increased by 11% over the base year
• B) prices have increased by 10% over the base year
• C) prices have increased by 1.1% over the base year
• D) prices have increased by 0.10% over the base year

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Definitions:

Seven Rights

A guideline in the medical field ensuring the correct drug, dose, patient, route, time, reason, and documentation are followed during medication administration.

Prescription

An authorization given by a licensed healthcare professional that allows a patient to be provided with a medicine or treatment.

Narcotic

Substances that change mood or behavior and can potentially lead to dependence or abuse; often used for pain relief.

Ointment

A semi-solid preparation typically used topically for the delivery of medication or for protective, therapeutic, or cosmetic purposes.