Which of the Following Is Not Correct

question 10

Multiple Choice

Which of the following is not correct?

• A)The consumer price index gives economists a way of turning dollar figures into meaningful measures of purchasing power.
• B)The consumer price index is used to monitor changes in the cost of living over time.
• C)The consumer price index is used by economists to measure the inflation rate.
• D)The consumer price index is used to measure the quantity of goods and services that the economy is producing.

---

Definitions:

Learning Curve

The concept that describes how new skills or knowledge can be acquired more efficiently over time with practice and experience.

Direct Labor Costs

Expenses related to the work of employees who are directly involved in the production of goods or the delivery of services.

Portfolio Analysis

A systematic process of evaluating the elements of a portfolio, assessing their performance, risk, and interrelations, to inform strategic decisions and optimize returns.

Spend Map

A visual representation that depicts an organization's expenditure across different departments, suppliers, or categories, often used to identify cost-saving opportunities.