The CPI compiled by the Bureau of Labor Statistics is used in the computations for:
A) The unemployment rate
B) The inflation rate
C) The interest rate
D) The foreign exchange rate

Question

Quizplus · Accepted Answer

The CPI (Consumer Price Index) is a measure of the overall cost of goods and services purchased by consumers, and is commonly used to compute inflation rates. Inflation rates are important to monitor as they can impact economic indicators such as interest rates, investment decisions, and government policies. The CPI is not directly used in the computation of the unemployment rate or foreign exchange rate.

The CPI Compiled by the Bureau of Labor Statistics Is