Question

select the correct choice that completes the sentence. the is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods. consumer price index current price of inflation current profit index

Explanation:

To determine the correct term, we analyze each option:

• "Consumer price index (CPI)" is defined as a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods.
• "Current price of inflation" is not a standard term; inflation is a rate of price change, not a "current price" measure.
• "Current profit index" is related to business profits, not consumer prices.

So the correct term is "consumer price index".

Answer:

consumer price index