CPI Quiz Questions and Answers Latest 2022/2023,100% CORRECT

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 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