ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consumer Price Index
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unemployment rate
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Gross Domestic Product
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per capita GDP
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Detailed explanation-1: -The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.
Detailed explanation-2: -Consumer inflation for all urban consumers is measured by two indexes, namely, the Consumer Price Index for All Urban Consumers (CPI-U) and the Chained Consumer Price Index for All Urban Consumers (C-CPI-U).
Detailed explanation-3: -Consumer inflation for all urban consumers is measured by two indexes-namely, the CPI-U and the Chained Consumer Price Index for All Urban Consumers (C-CPI-U).
Detailed explanation-4: -CPI tracks the rate of change in U.S. inflation over time. This key economic metric is based on prices that consumers pay for goods and services throughout the U.S. economy. The percentage change in CPI over a period of time is referred to as the inflation rate.
Detailed explanation-5: -A price index number is used to measure how price alters across a period. It will indicate the relative value and not the absolute value. The Consumer Price Index (CPI) and Wholesale Price Index (WPI) are major examples of a price index.