bricenshepard bricenshepard
  • 23-10-2019
  • Advanced Placement (AP)
contestada


The consumer price index (CPI) is used to compute inflation.

Question 9 options:
True
False

Respuesta :

Musmula
Musmula Musmula
  • 26-10-2019

Answer:

True

Explanation:

The consumer price index or CPI measures the price that a person pays for goods or services that is in other words known as inflation. It measures the buying price of a nation's currency regarding how many items or services can you pay with what amount of money. And so if it measures that today you could buy 2 loaves of bread with a given price, but 10 years from now you can only buy 1 loaf that means the currency inflated.

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