Which of the Following Best Describes the Australian Consumer Price

question 9

Multiple Choice

Which of the following best describes the Australian consumer price index (CPI) ?

• A)The CPI is an economic indicator.
• B)The CPI measures changes in the total price of a basket of goods and services.
• C)In Australia, the Australian Bureau of statistics complies quarterly CPI for the eight capital cities as well as a weighted average.
• D)All of these choices are correct.

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Definitions:

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