The Consumer Price Index (CPI) Is a Measure of the _____

question 175

Multiple Choice

The consumer price index (CPI) is a measure of the _____

• A) cost of a market basket of consumer goods and services relative to its cost in the base year.
• B) change in the average price of a market basket of necessary goods and services.
• C) cost of a market basket of consumer goods relative to the previous year.
• D) change in the average price of all intermediate goods and services.
• E) average price of all final goods and services relative to the average price in the previous year.

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