China's Economy Now Ranks as What Number in Terms of Size

question 20

Multiple Choice

China's economy now ranks as what number in terms of size?

• A) First
• B) Second
• C) Third
• D) Fourth

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Definitions:

Market Basket

A selected set of goods and services used to track changes in prices and inflation over time, representing the typical consumption of a household.

CPI

A gauge of the weighted average cost of a selection of consumer goods and services, including transportation, healthcare, and food, known as the Consumer Price Index.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services.

Market Basket

A fixed list of items used to track the progress of inflation in an economy.