Question : 81) If the price index last year was 100 and : 1238489

81) If the price index last year was 100 and today it is 167, what is the inflation rate over this period?

A) -67 percent

B) -6.7 percent

C) 33 percent

D) 67 percent

E) 167 percent

82) If the current period has a CPI of 143, then the amount of inflation since the base period is

A) 143 percent.

B) 43 percent.

C) 57 percent.

D) 157 percent.

E) unknown without knowing the base period’s CPI.

83) Suppose a report from the Bureau of Labor Statistics states that the CPI for the year 2012 was 152. What is the percentage point increase in the prices of the goods and services since the reference base period?

A) 152 percent

B) 52 percent

C) 100 percent

D) 48 percent

E) 252 percent

84) If in Switzerland in January, 2009 the CPI was 187.4 and in January, 2010 it was 191.1, then the inflation rate in 2010 was

A) 1.9 percent.

B) 3.7 percent.

C) -1.9 percent.

D) unknown without the base period index number.

E) unknown without the real prices.

85) The CPI for 2012 was 121, and for 2013 it was 132. What was the inflation rate between 2012 and 2013?

A) 9.09 percent

B) 11 percent

C) 10 percent

D) 8.3 percent

E) 121.0 percent

86) Looking at the annual inflation rates in the United States from 2000 to 2013, we see that they

A) were above 10 percent throughout the period.

B) were at or below 5 percent throughout the period and was negative for a year.

C) started low, but increased to over 9 percent by the end of the period.

D) started out above 10 percent but fell to 5 percent by the end of the period.

E) were negative for most of the years during this period.

87) In the United States between 1973 and 2013, the inflation rate

A) increased every year.

B) only decreased during the late 1990s.

C) only increased during the late 1970s and 1980.

D) peaked during the late 1970s and 1980 and was at its generally lowest in the 1990s and 2000s.

E) has been relatively constant at approximately 4 percent to 6 percent per year.

88) Looking at the historical values for annual inflation in the United States as measured by the Consumer Price Index, it is clear that inflation was 

A) higher on average during the 1990s than during the 1970s.

B) higher on average during the 2000s than during the 1970s.

C) never less than 0 percent at any time during the last 50 years.

D) higher on average during the 1970s than during the 1980s.

E) was never greater than 10 percent at any time during the last 50 years.

89) Since 1305, of the following centuries the inflation rate has been the highest during the

A) 17th century.

B) 16th century.

C) 20th century.

D) 14th century.

E) 15th century.

90) If we look back at inflation data since 1300, we see that

A) during the 20th century we have finally solved the problem of high inflation.

B) the Industrial Revolution caused the highest inflation rates.

C) the discovery of America caused prices to fall drastically.

D) inflation has been highest in the 20th and 21st centuries.

E) the most rapid inflation occurred prior to 1600.