The consumer price index (CPI):
A. measures the price of a fixed basket of goods and services relative to the price of that same basket in some base year.
B. measures the price of a basket of goods and services that constantly changes as the composition of consumer spending changes.
C. measures the amount of money that it takes to produce a fixed level of utility.
D. is one of the many statistics in the National Income Accounts.
Ans: A. measures the price of a fixed basket of goods and services relative to the price of that same basket in some base year.
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