The Consumer Price Index Is a Measure of

question 102

Multiple Choice

The consumer price index is a measure of

• A)the average of the prices paid by urban consumers for a fixed basket of consumer goods and services.
• B)the average of the prices paid by all consumers for a fixed basket of consumer goods and services.
• C)the lowest prices paid by urban consumers for a fixed basket of consumer goods and services.
• D)the consumer prices paid by average households for a fixed basket of goods and services.
• E)the lowest prices paid by all consumers for a fixed basket of consumer goods and services.

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