Which of the Following Is the Consumer Price Index Used

question 106

Multiple Choice

Which of the following is the consumer price index used for?

• A) to differentiate between gross national product and gross domestic product
• B) to turn dollar figures into meaningful measures of purchasing power
• C) to characterize the types of goods and services that consumers purchase
• D) to measure the quantity of goods and services that the economy produces

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Definitions:

Octane

A hydrocarbon with the chemical formula C8H18, commonly used as a reference standard in determining the quality of gasoline fuels.

Propane

A flammable hydrocarbon gas that is a component of natural gas, commonly used as fuel.

Condensed Structural Formula

A method of representing the molecular structure of a chemical compound where bonds and atoms are shown using symbols without depicting the actual bond angles or lengths.

Induce Dipole

The temporary polarization of a molecule caused by the vicinity of a charged object or another polar molecule.