Question 24 10 pts True false or uncertain The CPl is th e a

Question 24 10 pts True, false or uncertain: The CPl is th e average price of all goods and services produced within the economy HTML

Solution

True: CPI measures the level of prices. it measures the prices of basket of goods and services consumed by urban and wage earner. It measures the prices of many goods and services into single index measuring the overall level of prices in the economy.