The Consumer Price Index measures the average prices paid by
A) businesses and consumers for a market basket of goods and services.
B) businesses for a fixed market basket of resources.
C) urban consumers for the goods and services that most frequently change in price.
D) businesses for the most frequently used basket of resources.
E) urban consumers for a fixed market basket of goods and services.
Correct Answer:
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Q49: The reference base period for the CPI
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