The Consumer Price Index (CPI)

question 64

Multiple Choice

The consumer price index (CPI)

• A)is the ratio of the average price of a typical basket of goods to the cost of producing those goods.
• B)compares the cost of the typical basket of goods consumed in period 1 to the cost of a basket of goods typically consumed in period 2.
• C)compares the cost in the current period to the cost in a reference base period of a basket of goods typically consumed in the base period.
• D)measures the increase in the prices of the goods included in GDP.

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Definitions:

Direct Evidence

Evidence that directly proves a fact without needing inference or presumption.

Court

A tribunal, often a governmental institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice.

Relevant Evidence

Information presented in court that directly relates to the facts in dispute and can help prove or disprove a point.

Direct Evidence

Evidence that directly proves a fact, without the need for inference or presumption, and which in its own right conclusively establishes the fact in question.