Which index measures price increases that typical American consumers face when shopping?
A) CPI
B) PPI
C) GDP deflator
D) GDP inflator

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the price increases that typical American consumers face when shopping. It is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Therefore, option A is the best choice.

Which Index Measures Price Increases That Typical American Consumers Face