5 Questions
Food and energy are not considered important components of the CPI.
False
The CPI includes food and energy prices.
False
The CPI measures the overall inflation rate in an economy.
True
The CPI includes all possible components of inflation.
False
The exclusion of food and energy prices from the CPI is because they are not important.
False
Test your understanding of the Consumer Price Index (CPI) and its components. Learn why food and energy prices are not considered important parts of the CPI. Evaluate your knowledge of inflation measurement.
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