ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How is inflation measured?
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By comparing average prices of all goods and services produced
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Consumer Price Index
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Producer Price index
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Government Price Index
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Explanation:
Detailed explanation-1: -To be specific, CPI measures retail inflation by collecting data on the prices of goods and services that are consumed by the retail population of the country. CPI meaning refers to an increase in the price level of a selected basket of goods and services over a select period of time.
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