The Bureau of Labor Statistics Releases Consumer Price Index (CPI)data

question 47

Multiple Choice

The Bureau of Labor Statistics releases consumer price index (CPI) data

• A) hourly.
• B) daily.
• C) weekly.
• D) monthly.
• E) only when the typical basket of goods changes.

---

Definitions:

Economic Wellbeing

A measurement of how well individuals and societies can fulfill their needs and wants, often associated with income, employment, and quality of life.

National Income

The total value of all goods and services produced by a country over a specific period, typically a year, including income from abroad.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.