Multiple Choice
What is the consumer price index (CPI) ?
A) The CPI is the measure of consumer prices in both rural and urban areas.It is calculated by adding up all prices.
B) The CPI is a measure of the price level based on the consumption patterns of a typical consumer.
C) The CPI is a measure of all prices in the economy.
D) The CPI is a measure of food prices,because food is what is consumed.
E) The CPI is a measure of food,clothing,and housing prices.
Correct Answer:
Verified
Correct Answer:
Verified
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