The Measure of the Cost of a Standard Basket of Goods

question 111

Multiple Choice

The measure of the cost of a standard basket of goods and services in any period relative to the cost of the same basket of goods and services in the base year is called the:

• A)consumption cost calculator.
• B)consumption production index.
• C)consumer production index.
• D)consumer price index.

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Definitions:

Self-verification

The tendency for individuals to seek confirmation of their self-concept, whether positive or negative, from the external environment.

Symbolic Self-completion

A theory that individuals strive to achieve and maintain self-definitions, and when they feel incomplete in a certain role, they seek symbols that represent success in that area.

Social Comparison

The process of evaluating oneself by comparison with others, often in terms of abilities, achievements, and social status.

Sociometer Model

The idea that a basic function of self-esteem is to indicate to the individual how much he or she is accepted by other people.