ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which price index includes university fees, stockbroking prices, and new car prices?
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Consumer Price Index
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Customer Price Index
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Retail Price Index
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Revenue Price Index
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None of the answers
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Explanation:
Detailed explanation-1: -The CPI represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and sales and excise taxes paid by the consumer are also included. Income taxes and investment items (like stocks, bonds, and life insurance) are not included.
Detailed explanation-2: -14.4 The four principal price indices in the system of economic statistics are the consumer price index (CPI), the producer price index (PPI), and the export and import price indices (XPI and MPI).
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