Advertisements
Advertisements
Question
A consumer price index measures change in ______
Options
retail prices
wholesale prices
producers prices
MCQ
Fill in the Blanks
Solution
A consumer price index measures changes in retail prices.
Explanation:
Consumer Price Index (CPI) is used to measure changes in the cost of living in which the retail prices of consumer goods and services are obtained. It measures the average changes in the retail prices.
shaalaa.com
Uses of Index Numbers
Is there an error in this question or solution?
