The consumer price index is also called:
A) the price of living index.
B) the cost of surviving index.
C) the cost of living index.
D) the price of underemployment.

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is also called the cost of living index as it measures the average change in prices over time of goods and services commonly used by households, thus reflecting the cost of maintaining a certain standard of living. Choice A and B are similar to the correct choice but not the commonly used term for CPI. Choice D is not related to CPI.

The Consumer Price Index Is Also Called