An Estimate of the Land and Water Area That Is

question 20

Multiple Choice

An estimate of the land and water area that is required to produce all of the goods that an individual consumes and to assimilate all of the waste that he or she produces is called

• A) smart growth.
• B) an ecological footprint.
• C) demographics.
• D) biodiversity.

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Definitions:

Basket of Goods

A fixed set of products and services, used to monitor changes in price levels over time to measure inflation.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, reflecting a reduction in purchasing power.

Consumer Price Index

An indicator quantifying the mean variation over periods in the financial commitments urban consumers make towards a particular set of consumer goods and services.

Basket of Goods

A fixed set of consumer products and services whose price is monitored over time to calculate inflation through the Consumer Price Index.