The ________ is a measure of the prices of typical products purchased by consumers living in urban areas.
A) gross national product
B) national debt
C) consumer price index
D) gross domestic product

Question

Quizplus · Accepted Answer

The consumer price index (CPI) measures the changes in prices of goods and services consumed by households in urban areas. It is a widely used indicator of inflation and is often used to adjust wages, taxes, and government benefits. Gross national product (GNP) measures the total value of goods and services produced by a country's residents, regardless of their location, while the national debt measures the total amount of money a government owes to its lenders. Gross domestic product (GDP) measures the market value of all goods and services produced within a country's borders, regardless of the nationality of the producers.

The ________ Is a Measure of the Prices of Typical