What Is the Consumer Price Index (CPI)

question 148

Multiple Choice

What is the consumer price index (CPI) ?

• A) The CPI is the measure of consumer prices in both rural and urban areas.It is calculated by adding up all prices.
• B) The CPI is a measure of the price level based on the consumption patterns of a typical consumer.
• C) The CPI is a measure of all prices in the economy.
• D) The CPI is a measure of food prices,because food is what is consumed.
• E) The CPI is a measure of food,clothing,and housing prices.

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