The current consumer price index is
A) a cost-of-goods index.
B) a true cost-of-living measure.
C) based on a changing bundle of goods and services from one period to the next.
D) calculated by dividing the market basket's cost in the base period by its cost in the current period.

Question

Quizplus · Accepted Answer

The current consumer price index (CPI) is a cost-of-goods index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

The Current Consumer Price Index Is