CPI Quiz Questions and Answers Latest 2022/2023
CPI - Correct Answers Consumer Price Index is a measure of the average change over time in the prices
... [Show More] paid by urban consumers for a market basket of consumer goods and services
How is the CPI used? - Correct Answers -as an economic indicator
-as a deflator of other economic series
-as a means of adjusting dollar values
CPI reflects the spending patterns of... - Correct Answers all urban consumers and urban wage earners and clerical workers
What is not included in CPI - Correct Answers Spending patterns of people living in rural nonmetropolitan areas, farm families, people in the Armed Forces, and those in institutions, such as prisons and mental hospitals
CPI-U - Correct Answers Consumer Price Index for All Urban Consumers
C-CPI-U - Correct Answers Chained Consumer Price Index for All Urban Consumers
CPI-W - Correct Answers The Consumer Price Index for Urban Wage Earners and Clerical Workers is based on the expenditures of household included in the CPI-U definition that meet two requirements: more than 1/2 of the household's income must come from clerical or wage occupations, and at least one of the household's earners must have been employed for at least 37 weeks during the past 12 months
Cost of Living Index - Correct Answers measures changes over time in the amount that consumers need to spend to reach a certain utility level or standard of living.
What would be included in Cost of living Index but not CPI - Correct Answers Take into account changes in governmental or environmental factors that affect consumers' well-being
BLS bases the market baskets and pricing procedures for the CPI-U and CPI-W populations on - Correct Answers the experience of the relevant average household
How is the CPI market basket determined? - Correct Answers Developed from detailed expenditure information provided by families and individuals on what they actually bought
What goods and services does the CPI cover? - Correct Answers -Food and Beverages
-Housing
-Apparel
-Transportation
-Medical Care
-Recreations
-Education and Communications
-Other goods and services
-Various government charged user fees
-taxes (sales and excise)
How are CPI prices collected and reviewed? - Correct Answers BLS data collectors called economic assistants visit or call thousands of retail stores, service establishments, rental units, etc, to obtain information on the prices of items
Likelihood & Severity - Correct AnswersBest two ways the decision making matrix model is used to consider risk
Crisis Development Model #1 - Correct AnswersCrisis Development Behavior level # 1: Anxiety>Staff Attitude Approach # 1: Supportive
Crisis Development Model #2 - Correct AnswersCrisis Development Behavior level #2: Defensive>Staff Attitude Approach #2: Directive
Crisis Development Model #3 - Correct AnswersCrisis Development Behavior level #3: Risk Behavior>Staff Attitude Approach # 3: Safety Intervention
Crisis Development Model #4 - Correct AnswersCrisis Development Behavior level #4: Tension Reduction>Staff Attitude Approach #4: Therapeutic Rapport
Restorative conversations can be used for - Correct AnswersStaff and individual in distress
1st possible reason for learning 4 Behavior Development Levels and accompanying Staff Attitudes - Correct AnswersHelps avert crisis
2nd possible reason for learning 4 Behavior Development Levels and accompanying Staff Attitudes - Correct AnswersHelps staff not to overreact or under react
3rd possible reason for learning 4 Behavior Development Levels and accompanying Staff Attitudes - Correct AnswersHelps staff to intervene early and appropriately
What are the values that underpin the CPI course - Correct AnswersCaring, welfare, safety, and security
3 reasons one should use the supportive stance - Correct AnswersCommunication, respect, non threatening, and safety
Complete the verbal escalation continuum - Correct AnswersQuestioning, refusal, intimidation, release, tension reduction [Show Less]