Which of the following is monitored and impacts the cost-of-living cap?
A) consumer confidence index
B) inflation
C) consumer price index
D) gross domestic product index

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is a measure of the average change in prices over time in a fixed basket of goods and services purchased by households. It is used to calculate the cost-of-living cap, which is a limit on the amount that certain essential goods and services can increase in price.

Which of the Following Is Monitored and Impacts the Cost-Of-Living