What Is the Measure of the Average Change in Prices

question 100

Multiple Choice

What is the measure of the average change in prices over time in a large "basket" of goods and services purchased by Canadians known as?

• A)the consumer price index
• B)the inflation index
• C)a cost of living allowance
• D)a cost of living adjustment

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The process in economics and production where individuals or entities focus on a narrow area of expertise to increase efficiency and output.

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