Consumer Price Index

__________ are common products that consumers buy in a month.(used for CPI)

• market basket

• inflation

• fiscal policies

• monetary policy

The Consumer Price Index (CPI) is best used to determine

• the Dow Jones Index.

• the rate of inflation.

• the unemployment rate.

• currency exchange rates.

CPI is also known as:

• Cost of Living Index Number

• Cost of Life Index Number

• Retail Price Index Number

• Price of Living Index Number

Consumer Price Index Number include the following:

• Food

• Housing

• Clothing

• Entertainment

• Education

An index that measures the prices of a market basket of goods that typical consumers purchase.

• Consumer Price Index

• Federal Reserve

• Bank

• Deflation

Fill in the blank: When inflation is high the _______________of the dollar decreases.

• cost value

• purchasing power

• importance

• validity

What does the Consumer Price Index (CPI) measure?

• A) The average change in prices over time that consumers pay for a basket of goods and services

• B) The total amount of goods produced in a country

• C) The average income of consumers

• D) The total number of consumers in a market

Which of the following is NOT included in the Consumer Price Index?

• A) Food and beverages

• B) Housing

• C) Stock market investments

• D) Transportation

How often is the Consumer Price Index typically published?

• A) Daily

• B) Monthly

• C) Annually

• D) Every five years

Which government agency is responsible for publishing the Consumer Price Index in the United States?

• A) Federal Reserve

• B) Bureau of Labor Statistics

• C) Department of Commerce

• D) Internal Revenue Service