The CPI is called:
A)a variable price of living index.
B)a price of living index.
C)a fixed-cost index.
D)a variable-price index.
E)a fixed-weight price index.

Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) is a fixed-weight price index because it measures the price changes of a fixed basket of goods and services over time. This means that the quantities of goods and services in the basket remain constant, while the prices of these items may change.

The CPI Is Called