The _______is a statistic that is used to compute the pace of inflation or deflation.
A)index of leading indicators
B)index of inflationary trends
C)consumer price index
D)gross domestic product

Question

Quizplus · Accepted Answer

The consumer price index (CPI) measures changes in the price level of a basket of goods and services consumed by households. It is commonly used as a measure of inflation or deflation in an economy. The index of leading indicators (A) is a composite index that measures economic activity such as employment, production, consumer confidence, and stock prices, to predict changes in the business cycle. The index of inflationary trends (B) is not a recognized statistical measure. Gross domestic product (D) measures the value of all goods and services produced within a country's borders and is used as an indicator of economic activity and growth.

The _______Is a Statistic That Is Used to Compute the Pace