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      Question

      Which of the following is a measure of

      inflation?
      A GDP Correct Answer Incorrect Answer
      B GNP Correct Answer Incorrect Answer
      C CPI Correct Answer Incorrect Answer
      D NDP Correct Answer Incorrect Answer

      Solution

      CPI, or Consumer Price Index, measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

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