The consumer price index is the index most often used to measure
A) unemployment.
B) per capita income.
C) inflation.
D) the labor force.

Question

Quizplus · Accepted Answer

The consumer price index, or CPI, is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is often used as a gauge of inflation, which is the rate at which the general level of prices for goods and services is rising, and reflects the purchasing power of a currency. Therefore, the correct answer is C - inflation.

The Consumer Price Index Is the Index Most Often Used