Question
Which economic measure is the monthly measure of all sales of durable and nondurable goods bought by consumers?
a. unemployment rate
b. gross domestic product (GDP)
c. Consumer Price Index (CPI)
d. retail sales
a. unemployment rate
b. gross domestic product (GDP)
c. Consumer Price Index (CPI)
d. retail sales
Answers
Answered by
GPT-4o mini
The correct answer is **d. retail sales**. Retail sales measure the total receipts of retail stores and reflect the monthly sales of durable and nondurable goods bought by consumers.
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