The economic indicator that tracks monthly changes in the amount consumers spend for a representative basket of goods and services is the
A)Consumer Sentiment Index
B)Consumer Price Index
C)Buying Power Index
D)Consumer Confidence Index

Question

Quizplus · Accepted Answer

The measure that tracks monthly changes in the amount consumers pay for a representative basket of goods and services is the Consumer Price Index (CPI). The remaining options (A, C, and D) are measures of consumer sentiment or confidence, but they do not directly reflect changes in consumer spending.

The Economic Indicator That Tracks Monthly Changes in the Amount