Multiple Choice
The consumer price index (CPI) is:
A) a weighted average of the prices of goods and services purchased by a typical urban household.
B) a weighted average of the prices of goods and services purchased by all consumers in the economy.
C) a weighted average of the prices of all final goods and services produced in the economy.
D) a weighted average of the prices of all intermediate goods and services produced in the economy.
Correct Answer:
Verified
Correct Answer:
Verified
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