The Consumer Price Index
A) quickly adjusts when new products are developed
B) is based on a sampling of thousands of households and businesses
C) takes price discounting and quality changes into account
D) is believed by most economists to understate the true rate of inflation

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is based on a sampling of thousands of households and businesses to track changes in the price level of a market basket of consumer goods and services.