The Consumer Price Index (CPI)is a Measure of The:​

question 61

Multiple Choice

The Consumer Price Index (CPI) is a measure of the:​

• A)cost of a market basket of consumer goods and services relative to its cost in a base year.
• B)change in the average price of a market basket of necessary goods and services.
• C)cost of a market basket of consumer goods relative to the previous year.
• D)change in the average price of all intermediate goods and services.
• E)average price of all final goods and services relative to the average price in the previous year.

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Definitions:

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Experience

The knowledge or skill obtained from direct participation in events or activities.

Natural Capital

Natural Capital comprises the world's stocks of natural assets including geology, soil, air, water, and all living organisms.

Aptitude

Aptitude refers to a natural ability or skill at performing a certain type of task or learning certain types of information.