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Which Type of Computing Refers to Firms Purchasing Computing Power

question 49

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Which type of computing refers to firms purchasing computing power from remote providers and paying only for the computing power they use?


Definitions:

Price Index

A measurement that examines the weighted average of prices of a basket of consumer goods and services over time.

Purchasing Power

The worth of a currency depicted by how much goods or services can be purchased with one unit of that currency.

Basket of Goods

A collection of products and services used as a constant sample for measuring changes in prices, often in the calculation of inflation.

CPI (Consumer Price Index)

An index that measures changes in the average price of consumer goods and services purchased by households over time.

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