Which of the Following Is True of the Chained Consumer

question 163

Multiple Choice

Which of the following is true of the chained consumer price index?

• A) It will generally result in a slightly lower figure for the measured annual rate of inflation than the regular consumer price index.
• B) It makes no allowance for shifts away from goods and services as they become more expensive.
• C) It considers only changes in the prices of household necessities such as food and clothing.
• D) It holds the quantities of the goods and services used to calculate the index constant over lengthy time periods.

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Definitions:

Resistance Training

A form of physical activity designed to improve muscular strength and endurance by exercising against an opposing force.

Dizzy

A feeling of unsteadiness or lightheadedness that can result from various causes, including vertigo, low blood pressure, or dehydration.

Exercise

Physical activities undertaken to maintain or improve health and fitness.

Ability

The possession of the means or skill to do something, often considered in context of physical, mental, or learned competencies.