The Consumer Price Index (CPI)

question 92

Multiple Choice

The consumer price index (CPI) :

• A) measures the increase in the cost of the market basket relative to the cost in a given base year.
• B) is always 100 in the final year of measurement.
• C) helps us understand why current production compares with the cost of living at some time in the past.
• D) is a perfect measure of how prices change for all goods and services in the economy.

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