The Standard Way of Measuring ________ Is the Change in a Major

question 21

Multiple Choice

The standard way of measuring ________ is the change in a major price index.

• A) inflation
• B) consumer behavior
• C) credit
• D) investor preference

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Definitions:

Primary Sector

The part of the economy involved with the extraction and production of raw materials, such as farming, mining, and fishing.

Economy

A system of production, distribution, and consumption of goods and services within a certain geographical area or country.

Agriculture

The science, art, and business of cultivating soil, producing crops, and raising livestock.

Societal Institution

An organized and established social system that meets basic societal needs, such as family, education, religion, and politics.