The Personal Consumption Expenditures Index

question 88

Multiple Choice

The Personal Consumption Expenditures Index

• A)strips out the cost of food and energy.
• B)also includes producer prices (like the cost of iron ore).
• C)includes all goods and services people buy (not just what "average" people buy).
• D)only includes food and energy.

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Definitions:

Rebuilt Engine

An engine that has been disassembled, cleaned, inspected, repaired as needed, and reassembled with new or refurbished parts to extend its life.

Stopped Payment

is an instruction given to a bank by an account holder not to pay a check or transaction previously issued or arranged, usually due to disputes, errors, or lost checks.

$1,200 Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a specified person.