Which of the Following Statements Is True

question 52

Multiple Choice

Which of the following statements is true ?

• A) Deflation is an increase in the general level of prices.
• B) The consumer price index (CPI) measures changes in the average prices of consumer goods and services.
• C) The real interest rate equals the nominal rate of interest plus the inflation rate.
• D) Real income is the actual number of dollars received over a period of time.

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Definitions:

Hourly Wage

Payment to an employee based on the number of hours worked, typically quoted per hour.

Dimensions Of National Culture

Concepts that describe the effects of a society's culture on the values of its members, and how these values relate to behavior.

Individualism

A social theory favoring freedom of action for individuals over collective or state control, often associated with valuing independence and self-reliance.

Geert Hofstede

A Dutch social psychologist known for his work on cultural dimensions and their impact on business practices.