Ask Question
BusinessBusiness
25 May, 00:30

25-Which of the following is the BEST indicator of the economic well-being of the average citizen?

A.

CPI

B.

GDP per capita

C.

Purchasing power parity

D.

Nominal GDP

E.

Real GDP

+1
Answers (2)
  1. 25 May, 00:38
    0
    The answer is D, norminal GDP
  2. 25 May, 03:58
    0
    The correct answer would be A, CPI.

    Explanation:

    CPI stands for Consumer Price Index. Consumer price index is the aggregate of the indicators that determine the overall condition of the common citizen. There are indicators through which we can analyze the situation of a citizen in a country, like the prices of petroleum, prices of gasoline, prices of transportation, prices of food items, prices of medical care, etc. When the prices of such items are high, then it is assessed that the living of citizens is costly. Such indicators combine to form an index. An index consists of indicators like Prices of Transportation, Prices of Food Items, Prices of Medical Care, etc, is called as Consumer Price Index, which determines the living cost of an average citizen in a country.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “25-Which of the following is the BEST indicator of the economic well-being of the average citizen? A. CPI B. GDP per capita C. Purchasing ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $103.25 and $103.30, respectively. You place a market buy-order for 200 shares that executes at these quoted prices.
Answers (1)
Imagine you own a pet cremation business (or taxidermy service, if you prefer). You want to use market research to identify how you can grow your business, but you are on a limited budget.
Answers (1)
General-purpose external financial reporting of a corporation focuses primarily on the needs of which of the following users? A. The board of directors of the corporation. B. The management of the corporation. C.
Answers (1)
Explain why full employment may be inconsistent with no shirking. Shirking may be likely with full employment because A. it may be inexpensive for employees to shirk. B. it may be possible for employers to pay high wages. C.
Answers (1)
The Government in Sunshine Act requires agency business meetings to be open to the public even if the agency is headed by a non-collegiate body, and the open-meeting requirement applies even when a quorum is not present. True or False
Answers (2)
New Questions in Business
When prisly inc. introduced a liquid detergent in the market, it noticed that the sales of its detergent powder significantly declined. prisly inc.'s loyal customers who previously purchased detergent powder switched to liquid detergent.
Answers (1)
The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure? question 15 options: a. negative externality (external costs) b. positive externality (external benefits) c. asymmetric information d.
Answers (1)
Gordon is over 65. how does that affect his tax return? a. there is no effect. b. it increases his standard deduction. c. it increases his personal exemptions. d. he must itemize his deductions.
Answers (1)
Cambodian Import Company purchased a depreciable asset for $160,000 on April 1, 2014. The estimated salvage value is $40,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
Answers (1)
Determine which of the following countries would be classified as 'growth miracles' or 'growth disasters'.
Answers (1)
Home » Business » 25-Which of the following is the BEST indicator of the economic well-being of the average citizen? A. CPI B. GDP per capita C. Purchasing power parity D. Nominal GDP E. Real GDP
Sign Up Forgot Password?