What index is used to measure the average prices paid by a typical family? an average of the prices of the goods and services purchased by a typical family is the:
a. aggregate price level index.
b. producer price index (ppi).
c. consumer price index (cpi).
d. inflation rate index. suppose the economy's consumer price index (cpi) in 2008 was 188188 and the cpi in 2009 was 197197. the inflation rate over the period from 2008-2009 was equal to nothing%. (enter your response rounded to one decimal place.)?

C) Consumer Price Index (CPI)

CPI: The government periodically record the average price increase of the most popular goods and services ( the basket of goods) purchased within an economy. Then, that is then calculated to get the inflation rates.

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197197 - 188188 = 9009

(-) 9009 / 188188 = -0.04787....

-0.04787 x 100 = - 4.8%

It’s actually deflation over 2008-2009

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brendacrossen brendacrossen · Answer 2 · 2018-04-09T00:50:59+02:00

brendacrossen brendacrossen

09-04-2018

C. Consumer price index(CPI)

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