Which Index Measures the Average Prices Paid by Urban Consumers

question 2

Multiple Choice

Which index measures the average prices paid by urban consumers for a basket of consumer goods and services?

• A)Urban Inflation Index (UII)
• B)Price Inflation Index (PII)
• C)Urban Consumer Index (UCI)
• D)Consumer Inflation Index (CII)
• E)Consumer Price Index (CPI)

---

Definitions:

Contextual Forces

Environmental, social, or cultural factors that influence the setting or situation in which individuals or organizations operate.

Business Communication

The sharing of information between people within an organization and with those outside it, encompassing various modes and purposes.

Communication Opportunities

Situations or platforms that allow for the exchange of information between individuals or groups.

Diversity

The inclusion of individuals from various backgrounds, cultures, and perspectives.