The Consumer Price Index (CPI)
A) measures the prices of all goods produced in the economy
B) includes prices of raw materials
C) is found by averaging the prices of all goods consumed in the economy
D) includes only the prices of domestically produced consumer goods
E) includes the prices of some used consumer goods

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, which can include some used goods like used cars.