The Consumer Price Index includes the prices of only those goods
A) purchased by consumers
B) purchased by consumers and produced in the United States
C) that are brand new and purchased by consumers
D) purchased by consumers and government
E) purchased by consumers,government and firms

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households in the United States. Therefore, it includes the prices of only those goods purchased by consumers.

The Consumer Price Index Includes the Prices of Only Those