An index (index number) of the prices of goods and services purchased by consumers to measure the inflation rate or the cost of living is called

Related MCQs

• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• A very high rise in National Income at current market prices and a low rise at constant prices reveals -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• A measure of the expectation of the population that the government, or monetary authorities will adhere to policies delivering low inflation is called
• The branch of economics at the level of individual consumers groups of consumers or firms is known as:
• A daily index of prices on the principal stock exchange in New York is called: