An increase in purchasing power is a usually a result of an increase in which of the following?

Name: An increase in purchasing power is a usually a result of an increase in which of the following?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Purchasing power is measured by comparing income to the relative cost of a set standard of goods and services.It is 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.

An Increase in Purchasing Power Is a Usually a Result