If the CPI is 120, this means that
A) prices are 120 percent higher than in the reference base period.
B) prices are 0.12 times higher than in the reference base period.
C) prices are 20 percent higher than in the reference base period.
D) the inflation rate must be positive.
C
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If a person owns 51 percent of the common stock in a corporation,
a. that person receives all of the corporation's profits b. that person is the only one allowed to vote at shareholder meetings c. that person loses the protection of limited liability d. that person can effectively control the business e. the corporation now becomes a sole proprietorship
A product that is produced in 2015 and not sold until 2016 will be counted in the GDP for
a. both 2015 and 2016. b. neither 2015 nor 2016. c. 2015. d. 2016.