$$\begin{array} { | l | r | }
\hline \text { Full-time Employed } & 80 \
\hline \text { Part-time Employed } & 25 \
\hline \text { Unemployed } & 15 \
\hline \text { Discouraged Workers } & 5 \
\hline \text { Members of Underground Economy } & 6 \
\hline \text { Consumer Price Index } & 110 \
\hline
\end{array}$$ Refer to the given information about a hypothetical economy. The rate of in?ation
A) is 110 percent.
B) is 10 percent.
C) is 0 percent.
D) cannot be determined from the data.

Question

$$\begin{array} { | l | r | } 
\hline \text { Full-time Employed } & 80 \
\hline \text { Part-time Employed } & 25 \
\hline \text { Unemployed } & 15 \
\hline \text { Discouraged Workers } & 5 \
\hline \text { Members of Underground Economy } & 6 \
\hline \text { Consumer Price Index } & 110 \
\hline
\end{array}$$ Refer to the given information about a hypothetical economy. The rate of in?ation
A) is 110 percent.
B) is 10 percent.
C) is 0 percent.
D) cannot be determined from the data.

Quizplus · Accepted Answer

The rate of inflation is calculated based on the change in the Consumer Price Index (CPI) over time. The given table only provides a single CPI value (110) without any reference to a previous period's CPI, making it impossible to determine the rate of inflation from the provided data.

Refer to the Given Information About a Hypothetical Economy