The Index Most Widely Used by the Government and the Private

question 112

Multiple Choice

The index most widely used by the government and the private sector to measure changes in the cost of living is the

• A) Producer Price Index.
• B) Consumer Price Index.
• C) the GDP deflator.
• D) the chain-weighted price index.

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Definitions:

Mens Rea

A legal principle referring to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action itself.

Latin

An Indo-European language of the Italic branch originally spoken by the Latins in Latium and Ancient Rome.

Ad Hominem

A fallacy in argumentation where the argument is directed against a person’s character rather than the position they are maintaining.

Certiorari

A writ by which a higher court reviews the decision of a lower court, often used in the context of the United States Supreme Court.