The statement that best describes a dictionary item is:
key: value
The statement that best describes a dictionary item is "key: value". In a dictionary, each item is represented by a key-value pair, where the key is used to access the associated value. The key serves as a unique identifier for the value, and the value represents some piece of data or information. So, in order to describe a dictionary item, you would use the format: key followed by the colon (:), and then the corresponding value.