A 5 Percent Increase in the Consumer Price Index (CPI)

question 178

Multiple Choice

A 5 percent increase in the Consumer Price Index (CPI) means a

• A) 5 percent increase in the cost of living.
• B) less than 5 percent increase in the cost of living because consumers substitute cheaper products for those whose prices rise.
• C) more than 5 percent increase in the cost of living because consumers substitute cheaper products for those whose prices rise.
• D) less than 5 percent increase in the cost of living because of falling quality of products over time.
• E) more than 5 percent increase in the cost of living because of the introduction of new products.

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Definitions:

Head of Personnel

A senior position within a company responsible for overseeing the human resources department and the management of employee-related processes.

Hiring

The process of reviewing applications, interviewing candidates, and selecting an individual for employment.

Active Voice

A sentence structure where the subject performs the action expressed by the verb, making the writing clear and direct.

Report

A Report is a detailed written or spoken account of something that has been observed, checked, or investigated, often used to convey information in business, research, or news contexts.