In One Year, the CPI Increased from 105

question 52

True/False

In one year, the CPI increased from 105.6 to 106.7. In order to have the same purchasing power as $100 at the start of the year, you would need $103.14 at the end of the year.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country.

Office Of Immigration Statistics

A government entity responsible for collecting, analyzing, and disseminating statistical data and reports on immigration including the movements and characteristics of migrants.

Legal Permanent Residents

Individuals who have been granted the right to live indefinitely within a country other than their native one, without being its citizen.

Permanent Legal Residents

Individuals who have been granted the right to live indefinitely within a country but are not citizens of that country.