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which of the following measures changes in the average price of consumer goods and services?
A. CPI (Consumer price index)
B.WPI ( Wholesale Price index)
C.PPT ( Purchasing Parity Theory)
D.None

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Deepika Mirchandani
Deepika MirchandaniLv5
11 Sep 2020

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Related questions

An advantage of the personal consumption expenditures price index (PCE) over the consumer price index (CPI) as a measure of inflation is that the PCE

A) includes the prices of consumer goods, but not consumer services.

B) includes the prices of consumer services, but not consumer goods.

C) includes the prices of more consumer goods and services.

D) is a fixed market-basket price index that does not allow the mix of products to change each year

Consumer Price Index. The consumer price index (CPI), compiled by the U.S. Department of Labor is given in the table below.

Year

CPI

2010

$217

2011

220

2012

227

2013

230

2014

234

2015

234

a. Write a short paragraph on the Consumer Price Index. Make sure you describe what it is.

b. Find the average change in the consumer price index from 2010 to 2015. Include a sentence that explains what your answer means.

c. Find the average change in the consumer price index from 2012 to 2013

Include a sentence that explains what your answer means.

What is the CPI (Consumer Price Index) and what significance does it hold in regards to goods and services? Please explain in detail.

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