The Consumer Price Index Is Used to

question 36

Multiple Choice

The consumer price index is used to

• A)monitor changes in the level of wholesale prices in the economy.
• B)monitor changes in the cost of living over time.
• C)monitor changes in the level of real GDP over time.
• D)monitor changes in the stock market.

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Definitions:

Percents

A mathematical term denoting fractions of a hundred, used to describe proportions, interest rates, and changes in values.

Decimals

Numbers expressed using a decimal point to separate the whole part from the fractional part.

Mixed/Whole Numbers

Numbers consisting of both a whole number and a fractional part, commonly used in everyday measurements.

Apartment Building

A residential building containing multiple apartments for rent.