In the context of price levels, which of the following is used by the government to evaluate inflation?
A) The seller pricing rank
B) The consumer price index
C) The price-weighted activity index
D) The knowledge pricing rank

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is a measure of the average change in prices over time in a fixed basket of goods and services purchased by households. It is used by the government to evaluate inflation.

In the Context of Price Levels, Which of the Following