The Consumer Price Index is a measure of the
A) cost of a market basket of consumer goods and services relative to its cost in some base year
B) change in the average price of a market basket of "necessary" goods and services
C) annual inflation rate in the producers' goods market
D) change in the average price level of all final goods and services
E) average price of all goods and services relative to their price last year
Correct Answer:
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Q159: If the price index for 2008 was
Q160: If the GDP deflator is 100 this
Q161: We can conclude that there has been
Q162: If the CPI this year is 162
Q163: In order to convert nominal GDP to
Q165: If the GDP price index rises from
Q166: The CPI overstates the true inflation rate
Q167: The GDP price index
A)involves all final goods
Q168: If the CPI is 220 one year
Q169: If real GDP in a particular year
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