The Consumer Price Index is a measure of the average of the prices paid by ________ for a fixed basket of consumer goods and services.
A)all consumers
B)consumers living in cities with populations greater than 100,000
C)urban consumers
D)urban wage earners and clerical workers

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a fixed basket of goods and services. It reflects spending patterns for all urban consumers, not just wage earners or those in large cities.

The Consumer Price Index Is a Measure of the Average