A Change in a Price Index Measures

question 72

Multiple Choice

A change in a price index measures

• A)a change in a specific absolute price.
• B)a change in some broad average price over some particular time span.
• C)a change in quantities of commodities sold.
• D)a change in relative prices.
• E)the change in gross domestic product.

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Definitions:

Punishment

A consequence imposed on an individual for a perceived or actual wrongdoing, intended to serve as a deterrent to unacceptable behavior.

Deterrence

A strategy intended to discourage someone from taking an action due to the belief that the negative consequences will outweigh the benefits.

Criminal Acts

Behaviors or actions that are in violation of the laws set forth by a governing authority, subject to legal penalties.

Imprisoned

The state of being confined in prison as a form of punishment or while awaiting trial, resulting in significant restrictions on freedom.