If the CPI of Lily-land was 140 last year and inflation is expected to be 5% this year, what is the expected CPI of Lily-land this year?

Select one:

a. 210

b. 700

c. 147

d. 133

e. 140

A Canadian senior earned $12,000 as payment from Canada Pension Plan (CPP) last year. If prices increase by 2% this year, and the CPP has complete indexation to increase in prices, how much would this person receive from CPP this year?

Select one:

a. $14,400

b. $12,120

c. $11,760

d. $11,880

e. $12,240