The periodic adjustment of benefits or wages that takes into account the increased cost of
Living is called

Question

Quizplus · Accepted Answer

The periodic adjustment of benefits or wages based on the increased cost of living is known as indexing. It helps to maintain the purchasing power of the beneficiaries or workers. Means testing refers to the determination of eligibility for benefits based on income and assets, while graphing and economic tabulating are not relevant to this concept.

The Periodic Adjustment of Benefits or Wages That Takes into Account