Changes in the cost of living are:
A)different in various geographic areas.
B)the same for different locations.
C)constant from month to month.
D)the same for all goods and services.
E)not a factor when preparing a budget.

Question

Quizplus · Accepted Answer

The cost of living can vary greatly in different geographic areas due to differences in factors such as housing costs, transportation expenses, and taxes. For example, the cost of living in New York City is generally higher than in smaller cities or rural areas. Therefore, option A is the best choice because it acknowledges this variation.

Changes in the Cost of Living Are