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Question
question 9 1 pts
the basket of goods in the consumer price index consists of about ____ products; that is, several hundred specific products in over ____ broad-item categories.
200; 800
80,000; 400
80,000; 200
800; 200
question 10 1 pts
another term used to describe negative inflation is:
counter inflation
deflation
hyperinflation
gdp deflator
For Question 9: The Consumer Price Index (CPI) basket includes approximately 80,000 specific products grouped into over 200 broad-item categories, based on standard economic definitions of the CPI.
For Question 10: Negative inflation, a sustained decrease in the general price level of goods and services, is defined as deflation.
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Question 9: 80,000; 200
Question 10: deflation