A Measure Used to Calculate Inflation Is the

question 29

Multiple Choice

A measure used to calculate inflation is the

• A)difference in Consumer Price Index between two periods.
• B)change in the PPI between two periods.
• C)percent change in the price index between two periods.
• D)summation of the price indices between two periods.

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Definitions:

Fishery

An area with a naturally occurring population of aquatic species which can be harvested for economic purposes.

Marine Animal

An animal that inhabits the ocean or other marine environments.

User Cost

The economic cost of using a resource today, which considers the lost opportunity of using it in the future.

Energy

The capacity to do work, manifested in physical forms such as heat, light, motion, and chemical energy, crucial to all aspects of life and industry.