Which of the Following Price Indices Comes Closest to Measuring

question 256

Multiple Choice

Which of the following price indices comes closest to measuring the cost of living of the typical household?

• A)GDP deflator
• B)producer price index
• C)consumer price index
• D)household price index

---

Definitions:

Float and Transfer

A process in banking or financial transactions where funds are temporarily available before being moved to their intended destination.

Human Resources

The department within an organization that is responsible for hiring, training, managing, and supporting the workforce.

Advances in Technology

Progressive developments and improvements in technology that enhance efficiency, productivity, and capability in various fields.

Accessible

Easily approached or entered; typically used to describe environments, objects, or information that can be utilized by people with disabilities.