The most frequently reported price index is ________.
A)the consumer price index (CPI)
B)the gross domestic product (GDP)deflator
C)the personal consumption expenditure (PCE)deflator
D)chain weighted GDP
E)the interest income deflator

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is the most frequently reported price index, which measures the change in prices of a basket of goods and services commonly consumed by households. It is widely used for a variety of purposes, including as a measure of inflation and for adjusting payments like Social Security benefits and wage contracts. The other options are also measures of price level changes, but they are not as widely reported or used as the CPI.

The Most Frequently Reported Price Index Is ________