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Which of the Following Best Describes the Australian Consumer Price

question 25

Short Answer

Which of the following best describes the Australian consumer price index (CPI)? A The CPI is an economic indicator.BThe 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.\begin{array}{|l|l|}\hline A&\text { The CPI is an economic indicator.}\\\hline B&\text {The CPI measures changes in the total price of a basket of goods and services. }\\\hline C&\text { In Australia, the Australian Bureau of statistics complies quarterly CPI for the eight }\\&\text {capital cities as well as a weighted average. }\\\hline D&\text { All of these choices are correct.}\\\hline\end{array}


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