Which of the Following Is True About the Consumer Price

question 55

Multiple Choice

Which of the following is true about the consumer price index (CPI) and the GDP price index?

• A)Both measures weigh prices by quantities consumed in some base year.
• B)Both yield identical numbers for price level changes for any two years.
• C)Both CPI and GDP price index underestimate changes in the price level in an economy.
• D)The CPI measures changes in relative prices of goods,while the GDP price index measures changes in the absolute price level of a fixed basket of goods and services.
• E)CPI includes products that are widely used,while GDP price index includes all goods and services.

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Definitions:

Job Enrichment

The process of making a job more satisfying and engaging through adding duties that involve different skills or increasing levels of responsibility.

Prosocial Motivation

The desire to expend effort to benefit or help others, often driven by altruism or concern for the welfare of others.

Job Enrichment

Enhancing a job by adding tasks that increase responsibility and growth opportunities.

Moderator Variable

A type of variable in statistical analyses that influences the strength or direction of the relationship between an independent and a dependent variable.