_____ is measured by comparing income to the relative cost of a set standard of goods and services in different geographic areas.
A) Gross individual profit
B) Purchasing power
C) Net profit
D) Relative pricing
E) Price escalation

Question

Quizplus · Accepted Answer

This is the definition of purchasing power.Another way to think of purchasing power is income minus the cost of living (i.e.,expenses).

_____ Is Measured by Comparing Income to the Relative Cost