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Two economics professors are discussing a measure of inflation over time based on a basket of goods comprised of only the consumption expenditure component of GDP. Which measure is it

Respuesta :

Answer:

Consumer price index

Explanation:

Inflation is the persistent rise in general price levels

Consumer price index is a measure of inflation

Consumer price index measures the  weighted average of prices of a basket of consumer goods and services. Changes in the CPI over time gives a measure of the inflation rate

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