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What is the Consumer Price Index?
a.
a measure of prices of housing and rental costs all over the country
b.
an index of prices of items used by manufacturers and retailers
c.
an index determined by measuring the price of standard goods bought by urban consumers
d.
an index of the cost of living for all U.S. consumers

Respuesta :

Answer:

an index determined by measuring the price of standard goods bought by urban consumers

Explanation:

The CPI is determined by measuring the price of a market basket of the goods and services purchased by a typical urban household.

dubeyshailja64

The Consumer Price Index is "an index determined by measuring the price of standard goods bought by urban consumers."

What is Consumer Price Index?

Consumer Price Index is a measure to calculate the weighted average of prices of a basket of consumer goods and services that an urban customer pays. CPI is the most frequently used measure of inflation and deflation.

It assesses the average change in prices over time that the urban customer pays for a market basket of the goods and services within the economy.

Therefore the correct option is C.

Learn more about Consumer Price Index here:

https://brainly.com/question/25495190

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