The Amount of Goods and Services Each Dollar Buys at a Given

question 55

Multiple Choice

The amount of goods and services each dollar buys at a given point in time is called:

• A)inflation.
• B)the consumer price index.
• C)the purchasing power.
• D)the gross domestic product.
• E)the opportunity cost.

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Definitions:

Operation

The day-to-day activities involved in running a business or an organization that are essential for generating revenues and profits.