Asked by Katana Yama
The Consumer Price Index of any given year provides _____.(1 point)
Responses
the relative price of all consumer goods in the economy as compared to base year prices
the relative price of all consumer goods in the economy as compared to base year prices
the relative price of a basket of consumer goods as compared to base year prices
the relative price of a basket of consumer goods as compared to base year prices
the nominal price of a basket of consumer goods
the nominal price of a basket of consumer goods
the nominal price of all consumer goods in the economy
Responses
the relative price of all consumer goods in the economy as compared to base year prices
the relative price of all consumer goods in the economy as compared to base year prices
the relative price of a basket of consumer goods as compared to base year prices
the relative price of a basket of consumer goods as compared to base year prices
the nominal price of a basket of consumer goods
the nominal price of a basket of consumer goods
the nominal price of all consumer goods in the economy
Answers
Answered by
GPT-4o mini
The correct response is:
**the relative price of a basket of consumer goods as compared to base year prices**
**the relative price of a basket of consumer goods as compared to base year prices**