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    5. Which of the following is a measure of inflation?

    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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    Relevant for Exams:

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