Most Countries Tend to Follow Only One Price Index to Measure

question 58

True/False

Most countries tend to follow only one price index to measure the price level in an economy because all prices rise or fall at the same time or by the same amount.

---

Definitions:

United States

A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Population

The total number of people or inhabitants in a specified area or country.

65 Years Old

A common age of retirement in many societies, also considered the beginning of senior citizen or elderly status.

Group of States

An alliance or collective of countries that collaborate for political, economic, or military purposes.