The Consumer Price Index (CPI) Is a

question 100

Multiple Choice

The Consumer Price Index (CPI) is a

• A) statistical measure of a weighted average of prices of a specific set of goods and services purchased by consumers in urban areas.
• B) statistical measure of a weighted average of prices of commodities that firms produce and sell.
• C) price index measuring the changes in prices of all new goods and services produced in the economy.
• D) statistical measure of average prices using annually updated weights based on surveys of consumer spending.

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