Question

Which of the following is a measure of inflation ?
(a) Gross Domestic Product (GDP)
(b) Per Capita Income (PCI)
(c) Consumer Price Index (CPI)
(d) All of the above​

Answer 1

Answer:

c) consumer price index (CPI)

is a measure of inflation

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Answer 2

$Consumer \: Price \: Index (CPI)$

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The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.