_____ is a measure of the change in the average prices paid by urban consumers for a typical market basket of goods and services.
A) The consumer price index
B) The producer price index
C) Personal consumption expenditure
D) The GDP deflator

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is specifically designed to measure the change in the average prices paid by urban consumers for a typical market basket of goods and services. The other options, such as the producer price index (B), personal consumption expenditure (C), and GDP deflator (D), may measure other aspects of the economy, but they do not specifically measure changes in consumer prices.

_____ Is a Measure of the Change in the Average