The Consumer Price Index Is

question 33

Multiple Choice

The consumer price index is

• A) an average of the prices of the goods and services purchased by the typical family.
• B) the cost of a market basket of goods and services typically consumed in a base year.
• C) the cost of a market basket of goods and services typically consumed in the current year.
• D) an average of the prices of new final goods and services produced in the economy over a period of time.

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