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 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 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 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.
While the CPI does measure price changes in specific categories of goods and services, the statement emphasizing its role as a common measure of inflation effectively captures its importance in assessing overall economic performance.
