The CPI compiled by the Bureau of Labor Statistics is used in the computations for
A) the unemployment rate.
B) the inﬂation rate.
C) the interest rate.
D) the foreign exchange rate.

Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) is a measure of the average price level of goods and services purchased by households, and is used to calculate the inflation rate. The inflation rate is a key economic indicator that measures the rate of change in the general price level of goods and services over time. The CPI is not used in the computations for the unemployment rate, interest rate, or foreign exchange rate.

The CPI Compiled by the Bureau of Labor Statistics Is