Multiple Choice
What do cost of living indexes across cities measure?
A) The change in the general level of prices that occurred in each city during the year.
B) The average earnings of persons employed in the city during the year.
C) Differences in prices that affect the cost of purchasing a typical bundle of goods and services in each of the cities.
D) Changes in the earnings of the typical person working in each of the cities during the year.
Correct Answer:
Verified
Correct Answer:
Verified
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