_______ is measured by comparing income to the relative cost of a standard set of goods and services in different geographic areas.
a. Consumer price index
b. Purchasing power
c. Household debt
d. Household debt
Answer: b. Purchasing power
_______ is measured by comparing income to the relative cost of a standard set of goods and services in different geographic areas.
a. Consumer price index
b. Purchasing power
c. Household debt
d. Household debt
Answer: b. Purchasing power