The CPI is slightly different from the cost of living index in that the latter includes aspects such as environment, education, health apart from CPI and that’ why CPI is sometimes called “conditional” cost of living index.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

Yes, the CPI is slightly different from the cost of living index due to the mentioned reason.

Suggest Corrections

Similar questions

From an individual perspective, which index between Consumer Price Index(CPI) and Wholesale Price Index (WPI) would affect your standard of living more? Give reason.

Q. Q. In which of the following aspects, the Wholesale Price Index (WPI) and Consumer Price Index (CPI) differ from each other?Select the correct answer using the codes given below:

2, 3 and 4 only
1, 3 and 4 only
1 and 2 only
1, 2, 3 and 4

The CPI number for urban non-manual employees can represent the changes in the cost of living of the President of India.

Can the CPI number for urban non-manual emplyees represent the changes in the cost of living of the President of India?

Q. Q. In which of the following aspects, the Wholesale Price Index (WPI) and Consumer Price Index (CPI) differ from each other?Select the correct answer using the code given below:

2, 3 and 4 only
1, 3 and 4 only
1 and 2 only
1, 2, 3 and 4

Join BYJU'S Learning Program

The CPI is slightly different from the cost of living index in that the latter includes aspects such as environment, education, health apart from CPI and that’ why CPI is sometimes called “conditional” cost of living index.

The correct option is A True Yes, the CPI is slightly different from the cost of living index due to the mentioned reason.

The correct option is A
True

Yes, the CPI is slightly different from the cost of living index due to the mentioned reason.