Which of the Following Is False

question 81

Multiple Choice

Which of the following is false?

• A)A price index measures the growth of the average price level over time.
• B)The producer price index (PPI) measures changes in the costs of goods and services purchased by the typical producer.
• C)The inflation rate is the rate of change (growth rate) of the average level of prices paid.
• D)The consumer price index (CPI) measures changes in the cost of every item that every consumer purchases.

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Definitions:

Employees' Wages

The compensation paid to employees for their labor or services, typically calculated on an hourly or salary basis.

Liability

Financial obligations or debts that a company owes to outside parties.

Taxing Agency

A government body responsible for administering and collecting taxes from individuals and businesses.

Gross Wages

Gross Wages refer to the total amount of compensation a worker earns before any deductions or taxes are applied, including regular pay, overtime, and bonuses.