When Something Is Indexed

question 118

Multiple Choice

When something is indexed:

• A) its value is automatically adjusted in proportion to the cost of living.
• B) it is expressed as nominal value multiplied by price index.
• C) its real value is converted into nominal terms for comparison.
• D) its relative rank in consumption items is compensated for relative to its cost.

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Definitions:

Office Work

Tasks and responsibilities performed in an office environment, often related to administrative, clerical, or professional needs of a business or organization.

Traditional Nuclear Family

A family unit consisting of two parents (traditionally a male and female) and their biological or adopted children, living together as a household.

Egalitarian

Egalitarian refers to a belief in or practice of equal rights and opportunities for all people, opposing hierarchy and inequalities.

Permanent

Describes something that is intended to exist or last indefinitely without change, ending, or expiry.