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

Question

Quizplus · Accepted Answer

The consumer price index (CPI) measures the average change in prices for goods and services purchased by households in a given time period. This measure is commonly used to track inflation, as it shows how much more expensive goods and services have become over time.

The ________ Is a Statistic Used to Measure the Pace