The ________ is a measure of the prices of a typical "basket of products" purchased by consumers.
A) consumer price index
B) national debt
C) balance of trade
D) gross national product
E) real GDP

Question

Quizplus · Accepted Answer

The consumer price index measures the prices of a typical "basket of products" purchased by consumers, which includes goods and services such as food, housing, transportation, and healthcare. It is used to track inflation over time and is a key indicator of the health of an economy. The national debt, balance of trade, gross national product, and real GDP are all important economic indicators, but they are not measures of the prices of consumer goods and services.

The ________ Is a Measure of the Prices of a Typical