The Consumer Price Index is a measure of the average of the prices paid by ________ for a fixed basket of consumer goods and services.
A) urban consumers
B) all consumers
C) urban wage earners and clerical workers
D) consumers living in cities with a population greater than 100,000

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is primarily a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

The Consumer Price Index Is a Measure of the Average