The higher your _____,the higher your purchasing power:
A) gross income
B) social class
C) disposable income
D) cost of living
E) inflation index

Question

Quizplus · Accepted Answer

Purchasing power is measured by comparing income to the relative cost of a set standard of goods an services.It is a aligned with net income,or income minus a standard set of expenses.Assuming a constant income,the higher the cost of living (the expenses),the lower the purchasing power is.

The Higher Your _____,The Higher Your Purchasing Power