Which of the following goods is NOT a likely component of the Consumer Price Index?
A) Hamburger
B) 87 octane gasoline
C) Structural steel beams
D) Movie tickets

Question

Quizplus · Accepted Answer

The Consumer Price Index measures changes in the prices of goods and services purchased by households, so it is unlikely to include structural steel beams, which are primarily used in construction and not purchased by households as a consumer good. The other options, hamburger, 87 octane gasoline, and movie tickets, are all goods that are commonly purchased by households and would likely be components of the Consumer Price Index.

Which of the Following Goods Is NOT a Likely Component