14. In the US the Consumer Price Index is compiled by the Bureau of Labor Statistics...
14. In the US the Consumer Price Index is compiled by the Bureau of Labor Statistics and serves as a:
A) Measure of changes in the relative prices of the most important consumer goods and services.
B) Measure of changes in the price of all goods and services during one year period.
C) Is referred as the cost-of-living index and measures changes in the average price of consumer goods and services.
D) Measure to determine how the economy is functioning and when it reaches full employment.
Homework Answers
US consumer price index measures the cost of living of an average consumer given a fixed basked of goods and services.
Answer-C
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14. In the US the Consumer Price Index is compiled by the Bureau
of Labor Statistics...
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