The Consumer Price Index Is the

question 22

Multiple Choice

The consumer price index is the

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