The cpi is a price index that can be defined as:

a. a guide to consumer spending.

c. an indicator of what firms ought to produce.

b. a statistical series that can be used to measure consumer prices of a market basket of goods over time.

d. none of the above.

Question

Business

Deborah Waller

5 September, 18:04

The cpi is a price index that can be defined as:

a. a guide to consumer spending.

c. an indicator of what firms ought to produce.

b. a statistical series that can be used to measure consumer prices of a market basket of goods over time.

d. none of the above.

+5

Answers (1)

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Amelia Nielsen · Answer 1

It is b. A statistical series ... over time

It is basically index numbers that record price increases from a base year. It is used to calculate inflation.

The cpi is a price index that can be defined as:a. a guide to consumer spending.c. an indicator of what firms ought to produce.b. a statistical series that can be used to measure consumer prices of a market basket of goods over time.d. none of the above.

The cpi is a price index that can be defined as:

a. a guide to consumer spending.

c. an indicator of what firms ought to produce.

b. a statistical series that can be used to measure consumer prices of a market basket of goods over time.

d. none of the above.