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The index tracking prices of a market basket of goods bought by households is the:
AConsumer price index
BConsumer profit index
CConsumer product index
DConsumer packing index
Answer & Solution
Correct answer: A. Consumer price index
1. A fixed basket is priced repeatedly.
2. Changes in it show inflation.
3. It is the consumer price index.
_Source: OpenStax Introduction to Business, Chapter 1, Understanding Economic Systems and Business._
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