ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CPI is also known as:
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Cost of Living Index Number
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Cost of Life Index Number
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Retail Price Index Number
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Price of Living Index Number
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Explanation:
Detailed explanation-1: -Cost of living index is known as consumer price index.
Detailed explanation-2: -The CPI frequently is called a cost-of-living index, but it differs in important ways from a complete cost-of-living measure.
Detailed explanation-3: -In other words, the consumer price index calculates the changes in price of a common basket of goods and services. It is also called a market basket and is used for calculating the price variations in fixed items.
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