Question

what does the consumer price index (cpi) measure in an economy? (1 point) the rate of joblessness among the entire labor force. the growth of the economys output adjusted for prices. the total value of all goods produced within a country. the average change in prices paid by urban consumers.

Explanation:

The Consumer Price Index (CPI) is a measure of inflation that tracks the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The other options describe different economic indicators: unemployment rate (joblessness), real GDP growth (output adjusted for prices), and GDP (total value of goods produced).

Answer:

The average change in prices paid by urban consumers.