If a newspaper reporter wanted to learn about changes in the U.S.price levels,she would probably get that information by looking at the
A) real gross domestic product
B) consumer price index
C) latest press release from the Council of Economic Indicators
D) nominal gross domestic product
E) gross national product

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is a measure of changes in the average price level of a basket of goods and services consumed by households. This makes it a good indicator of changes in U.S. price levels, which is what the newspaper reporter is interested in. The other options (A, C, D, and E) relate to other aspects of the economy and may not provide the specific information the reporter is looking for.

If a Newspaper Reporter Wanted to Learn About Changes in the U.S.price