The Personal Consumption Expenditure Index (PCE) Is a

question 88

Multiple Choice

The Personal Consumption Expenditure Index (PCE) is a

• A) statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners 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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Definitions:

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