One way the consumer price index (CPI) differs from the GDP chain price index is that it:
A) includes only purchases of items bought by typical urban consumers.
B) uses only current year quantities.
C) is based on all final goods and services.
D) includes only services.

Question

Quizplus · Accepted Answer

The CPI measures the price changes of goods and services purchased by urban consumers, while the GDP chain price index covers all goods and services produced within a country's borders.

One Way the Consumer Price Index (CPI) Differs from the GDP