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Which economic indicator would be most useful for figuring out how much something you bought today cost 10 years ago? retail sales new housing construction gross domestic product Consumer Price Index
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Which economic indicator would be most useful for figuring out how much something you bought today cost 10 years ago?

retail sales

new housing construction

gross domestic product

Consumer Price Index

User Avinash Ajay Pandey
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2 Answers

3 votes

Answer: D. Consumer Price Index

Step-by-step explanation: I just took the quiz! :)

Which economic indicator would be most useful for figuring out how much something-example-1
User MarkWalls
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6.1k points
3 votes

Answer:

Consumer Price Index

Step-by-step explanation:

The consumer Price Index is the variation on prices of goods and services during a period. It is related to inflation that shows how the power of acquisition of the money decreases in the time.

User SolarX
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