The Consumer Price Index (CPI) Is Designed to Measure

question 103

Multiple Choice

The consumer price index (CPI) is designed to measure

• A) the impact of price changes on the value of real GDP.
• B) the nominal value of consumer spending on food, clothing, and energy.
• C) the total spending of households as a percentage of GDP.
• D) the impact of price changes on the cost of the typical bundle of goods purchased by households.

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Definitions:

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