_____ is a measure of the change in average prices paid by urban consumers for a typical market basket of goods and services.
A) The consumer price index
B) The producer price index
C) Personal consumption expenditure
D) The GDP deflator

Question

Quizplus · Accepted Answer

The consumer price index (CPI) measures the change in average prices paid by urban consumers for a typical market basket of goods and services.

_____ Is a Measure of the Change in Average Prices