The Ideal Cost-Of-Living Index Represents

Multiple Choice

The ideal cost-of-living index represents:

A) the cost of attaining a given level of utility at current prices.
B) the cost of attaining a given level of utility at constant prices relative to the cost of attaining the same utility at current prices.
C) the cost of attaining a given level of utility at current prices relative to the cost of attaining the same utility at base-year prices.
D) a cost of living index that leaves everyone better off.