CPI and Economic Growth

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What is the Consumer Price Index (CPI)?

  1. A measure of the average change in prices of goods and services consumed by households.
  2. A measure of the average change in prices of goods and services produced by businesses.
  3. A measure of the average change in prices of goods and services exported by a country.
  4. A measure of the average change in prices of goods and services imported by a country.
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