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The CPI measures the average prices paid by __________ for _________.
A. urban consumers; a fixed basket of consumption goods and services
B. urban consumers; the average basket of goods and services they buy
C. all consumers; housing, transportation, and food
D. everyone who earns an income; the necessities of life

Respuesta :

Answer:

B. urban consumers; the average basket of goods and services they buy

Explanation:

  • The CPI is an index that measures the weighted average of the price of a basket of goods and services such as the transportation, food and the medical care, etc.
  • The items are predetermined on the basket of goods and services, hence is widely used as an economic indicator and measures inflation and effectiveness of governmental policies.

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