The Consumer Price Index (CPI) Is

question 88

Multiple Choice

The consumer price index (CPI) is:

• A) a weighted average of the prices of goods and services purchased by a typical urban household.
• B) a weighted average of the prices of goods and services purchased by all consumers in the economy.
• C) a weighted average of the prices of all final goods and services produced in the economy.
• D) a weighted average of the prices of all intermediate goods and services produced in the economy.

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