The CPI is called:
A) a variable price of living index.
B) a price of living index.
C) a fixed-cost index.
D) a fixed-weight price index.

Name: The CPI is called: A) a variable price of living index. B) a price of living index. C) a fixed-cost index. D) a fixed-weight price index.
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Question

Quizplus · Accepted Answer

The CPI is a fixed-weight price index, which means it measures the price changes of a constant set of goods and services over time rather than adjusting for changes in consumer behavior or preferences.

The CPI Is Called