The U.S.government measures inflation using
A)the gross domestic product.
B)the index of leading economic indicators.
C)the consumer price index.
D)the consumer confidence index.

Question

Quizplus · Accepted Answer

The U.S. government measures inflation using the consumer price index (CPI), which tracks the changes in the prices of a basket of goods and services commonly purchased by households. The CPI is calculated based on the prices of items such as food, housing, transportation, and healthcare, and is widely used as a benchmark for measuring inflation in the economy.

The U.S.government Measures Inflation Using