The Consumer Price Index excludes all of the following,except one.Which one is included in the CPI?
A) Services purchased directly by consumers
B) Raw materials
C) Services purchased by the government
D) Machinery purchased by firms
E) Intermediate goods purchased by firms

Question

Quizplus · Accepted Answer

The Consumer Price Index includes services purchased directly by consumers, such as healthcare expenses, housing, and transportation costs. It excludes raw materials, government purchases of services, machinery and equipment purchased by firms, and intermediate goods purchased by firms.

The Consumer Price Index Excludes All of the Following,except One