Question

The CPI is a price index that can be defined as:

a. a guide to consumer spending.

C. an indicator of what firms ought to
produce

b. a statistical series that can be used to measure consumer prices of a market basket of goods
over time.

d. none of the above.

Answer 1

Answer: b. a statistical series that can be used to measure consumer prices of a market basket of goods

over time.

Step-by-step explanation: