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Questions and Answers
Food and energy are not considered important components of the CPI.
Food and energy are not considered important components of the CPI.
False (B)
The CPI includes food and energy prices.
The CPI includes food and energy prices.
False (B)
The CPI measures the overall inflation rate in an economy.
The CPI measures the overall inflation rate in an economy.
True (A)
The CPI includes all possible components of inflation.
The CPI includes all possible components of inflation.
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The exclusion of food and energy prices from the CPI is because they are not important.
The exclusion of food and energy prices from the CPI is because they are not important.
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