The Consumer Price Index (CPI) Reflects

Multiple Choice

The consumer price index (CPI) reflects:

A) the changes in the prices of goods and services typically purchased by consumers.
B) the average level of prices for intermediate goods and services purchased by firms.
C) the median annual expenditures of a typical single family of four on consumer goods.
D) the average price of all goods and services computed from the ratio of nominal GDP to real GDP.