Author Question: A consumer price index of 110 for a given year indicates that prices in that year are 10 percent ... (Read 194 times)

futuristic · **on:** Jun 30, 2018

A consumer price index of 110 for a given year indicates that prices in that year are 10 percent higher than prices in the base year.
a. True
b. False
Indicate whether the statement is true or false

Question 2

At the federal level, the single most important tax, accounting for slightly less than half of revenue, is the:
a. corporate income tax.
b. personal income tax.
c. estate tax.
d. property tax.
e. sales tax.