Responses
The CPI measures inflation but does not include changes in energy and food prices.
The CPI measures inflation but does not include changes in energy and food prices.
The CPI measures price changes in all products sold in the United States.
The CPI measures price changes in all products sold in the United States.
The CPI measures price changes in what businesses have to buy to make goods and services.
The CPI measures price changes in what businesses have to buy to make goods and services.
The CPI is the most frequently used measurement of inflation.
1 answer
The correct response that explains how the CPI is used to measure economic performance is:
The CPI is the most frequently used measurement of inflation.
The Consumer Price Index (CPI) is primarily used to gauge the inflation rate, which reflects the change in the price level of a basket of consumer goods and services over time.
