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CPI and Economic Development

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Multiple Choice

What is the Consumer Price Index (CPI)?

  1. A measure of the average change in prices of goods and services purchased by consumers.
  2. A measure of the average change in prices of goods and services produced by consumers.
  3. A measure of the average change in prices of goods and services purchased by businesses.
  4. A measure of the average change in prices of goods and services produced by businesses.
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