Core Inflation Is a Measure Of

question 66

Multiple Choice

Core inflation is a measure of:

• A) inflation that excludes goods with historically volatile price changes.
• B) an overall rise in prices in the economy.
• C) the Consumer Price Index with durable goods excluded.
• D) the change in the Consumer Price Index with durable goods excluded.

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Definitions:

Ordinal Data

A type of categorical data with a set order or ranking among the categories but without a defined distance between categories.

Nominal Data

Data categorized by labels or names without a natural order or ranking between the categories.

Interval Data

A type of numerical data that allows for the measure of both the order of data points and the exact differences between them.

Interval Data

Data with meaningful distances between measurements but no true zero point, allowing for operations such as addition and subtraction.