The Consumer Price Index Reflects

question 242

Multiple Choice

The consumer price index reflects:

• A)changes in the prices of goods and services typically purchased by consumers.
• B)the level of prices for intermediate goods and services purchased by business.
• C)the level of prices for raw materials.
• D)the prices of all goods and services computed from the ratio of nominal GDP to real GDP.

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Definitions:

Direction

In electrical and electronic contexts, direction can refer to the path in which current flows or the orientation of a magnetic or electric field.

Valence Electrons

Electrons located in the outer orbit of an atom.

Maximum Number

The highest value in a given set or range.

Matter

Anything that occupies space.