The Consumer Price Index measures the cost of
A)all goods and services produced in the U.S.economy
B)all goods produced in the U.S.economy
C)a fixed market basket of consumer goods and services produced in the U.S.economy
D)a fixed market basket of producer goods and services
E)food and energy in the U.S.economy

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the cost of a fixed market basket of consumer goods and services produced in the U.S. economy, including items such as food, housing, clothing, transportation, medical care, and recreation. It is used as a measure of inflation and reflects changes in the prices that consumers pay for goods and services over time.

The Consumer Price Index Measures the Cost of