Which of the following indicators is used to measure the overall level of prices for goods and services in an economy over a period of time? Options: A) Gross Domestic Product (GDP) B) Consumer Price Index ( CPI) C) Unemployment rate D) Balance of trade

Which of the following indicators is used to measure the overall level of prices for goods and services in an economy over a period of time? Options: A) Gross Domestic Product (GDP) B) Consumer Price Index ( CPI) C) Unemployment rate D) Balance of trade

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following indicators is used to measure the overall level of prices for goods and services in
an economy over a period of time? Options: A) Gross Domestic Product (GDP) B) Consumer Price Index (
CPI) C) Unemployment rate D) Balance of trade

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