The CPI measures:
A) the number of housing starts during a month.
B) the prices of goods that households consume.
C) changes in the level of unemployment during a given year.
D) hourly wage rates of manufacturing workers.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, reflecting the prices of goods that households consume.

The CPI Measures