Peter Responds to an Item on a Measure by Circling

question 44

Multiple Choice

Peter responds to an item on a measure by circling "5" which indicates that he "strongly agrees" with the item. Peter is most likely completing a measure using a __________ rating scale.

• A) graphic
• B) numerical
• C) segmented
• D) forced choice

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Definitions:

Price Index

A statistical measure that examines the weighted average of prices of a basket of consumer goods and services over a period of time.

GDP Deflator

A measure of the price level of all domestically produced final goods and services in an economy, used to convert nominal GDP into real GDP.

CPI

By applying a weighted average methodology, the Consumer Price Index tracks the fluctuations in average prices for a comprehensive array of consumer goods and services, such as medical care, food, and transportation services.

CPI

It's an index that measures the average prices of a basket of consumer services and products, like food, transportation, and healthcare, through their weighted average, known as the Consumer Price Index.