The Consumer Price Index (CPI) is
a. a ratio that is based on market values that is used by insurance companies to set rates on businesses.
b. a government comparison of prices across major department stores.
c. the total of all annual sales in the private retail sector.
d. an index of prices for goods and services regularly traded in the economy.
e. a government-issued tool for fixing prices in the private sector.
ANS: D
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