The consumer price index (CPI)is partially composed of which of the following?
A) cars bought by a delivery company
B) food bought by a restaurant in order to prepare menu items
C) iron ore used by the steel industry
D) trips to amusement parks

Question

Quizplus · Accepted Answer

The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, such as trips to amusement parks. It does not include business expenses like cars for a company, food for restaurants, or raw materials like iron ore.

The Consumer Price Index (CPI)is Partially Composed of Which of the Following