Which of the following would be included in the consumer price index?
A) a payment made to your doctor on your behalf by Medicare
B) a payment made by you to your doctor
C) a payment made to your doctor on your behalf by your employer-provided insurance company
D) a payment made to your doctor on your behalf by Medicaid

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change in prices paid by consumers for goods and services. A payment made directly by you to your doctor is included in the CPI as it reflects out-of-pocket expenses by consumers. Payments made by third parties like Medicare, Medicaid, or insurance companies are not directly included in the CPI.

Which of the Following Would Be Included in the Consumer