Definition of consumer price index

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Reference no: EM1389114

Consumer Price Index is:

a. a weighted aggregate price index where the weight for each item is its current-period quantity.

b. a weighted aggregate price index where the weight for each item is its last-period quantity.

c. an index that is designed to measure changes in quantities over time.

d. an index that is designed to measure changes in production levels over time.

Reference no: EM1389114

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