Which of the following statements is INCORRECT about the consumer price index? Question 5Answer a. It captures the weight or importance of the different goods and services in the basket chosen b. It measures the changes in the quantity of the typical goods and services that households consume c. It measures the changes in the prices of the typical goods and services that households consume d. It is a measure of inflation
Which of the following statements is INCORRECT about the consumer price index? Question 5Answer a. It captures the weight or importance of the different goods and services in the basket chosen b. It measures the changes in the quantity of the typical goods and services that households consume c. It measures the changes in the prices of the typical goods and services that households consume d. It is a measure of inflation
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 17P
Related questions
Question
Which of the following statements is INCORRECT about the consumer price index ?
Question 5Answer
a.
It captures the weight or importance of the different goods and services in the basket chosen
b.
It measures the changes in the quantity of the typical goods and services that households consume
c.
It measures the changes in the prices of the typical goods and services that households consume
d.
It is a measure of inflation
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