What is Cost of Living?
Authored by May Ruiz
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is Cost of Living?
the degree of wealth and material comfort available to a person or community.
Cost of living is the amount of money needed to sustain a certain standard of living by affording expenses such as housing, food, taxes, and healthcare.
a general increase in prices and fall in the purchasing value of money.
(of an object or action) require the payment of (a specified sum of money) before it can be acquired or done.
2.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
What factors are considered when determining cost of living?
Housing
Food
Transportation
Child care
Utilities
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
There are different indexes to calculate different expenses
YES
NO
4.
MULTIPLE SELECT QUESTION
45 sec • Ungraded
The following countries have some of the highest costs of living in the world:
Norway
Singapur
Iceland
Hong Kong
Switzerland
5.
FILL IN THE BLANK QUESTION
1 min • 5 pts
How would you describe the cost of living in Costa Rica?
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