Which Statement Best Characterizes the Consumer Price Index

question 165

Multiple Choice

Which statement best characterizes the consumer price index?

• A) It is a measure of a nation's standard of living.
• B) It shows production of consumer goods.
• C) It measures the increase in the prices of all final goods and services produced within the borders of a country.
• D) It is an imperfect measure of the cost of living.

---

Definitions:

Nursing Homes

Nursing homes are care facilities that provide residential care for elderly or disabled people who require constant nursing care and have significant deficiencies with activities of daily living.

Americans

Refers to the citizens or nationals of the United States of America, or aspects relating to them.

Older Women

Refers to women who are advanced in age, typically entering or within the senior years, and facing unique social, health, and economic challenges.

Institutional Care Facilities

Institutions providing long-term care for individuals, such as the elderly or those requiring special medical or psychological attention.