The Consumer Price Index Is Used to

question 6

Multiple Choice

The consumer price index is used to

• A)convert nominal GDP into real GDP.
• B)turn dollar figures into meaningful measures of purchasing power.
• C)characterize the types of goods and services that consumers purchase.
• D)measure the quantity of goods and services that the economy produces.

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Definitions:

Phonemes

are the smallest units of sound in a language that can distinguish one word from another.

Prefixes

Word parts added to the beginning of a word to change its meaning or create a new word.

Universal Sound Units

The basic elements of phonology that are recognized across all human languages.

Morphemes

The smallest grammatical units in a language that carry meaning, which can be words or parts of words, such as prefixes or suffixes.