Which of the Following Best Describes the Australian Consumer Price

question 25

Short Answer

Which of the following best describes the Australian consumer price index (CPI)? $\begin{array}{|l|l|}\hline A&\text { The CPI is an economic indicator.}\\\hline B&\text {The CPI measures changes in the total price of a basket of goods and services. }\\\hline C&\text { In Australia, the Australian Bureau of statistics complies quarterly CPI for the eight }\\&\text {capital cities as well as a weighted average. }\\\hline D&\text { All of these choices are correct.}\\\hline\end{array}$

---

Definitions:

Spatial Relationships

Understanding how objects or shapes are positioned in space relative to each other.

Trial-And-Error Strategies

Problem-solving methods that involve experimenting with various actions until finding a solution or an effective way to achieve a desired outcome.

Formal Operational Thought

A stage in Piaget's theory of cognitive development, usually beginning around age 12, where individuals develop the ability to think abstractly, logically, and systematically.

Think in Possibilities

The approach of considering various potential outcomes or solutions when faced with a situation or problem.