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Your quiz has been submitted successfully.Question 12 / 2 pointsThe CPI stands forA) Corporate Pricing Index.B) Citizens Paying Index.C) Consumer Paying Index.D) Consumer Price Index.E) Corporate/Consumer Payment Index.Question 22 / 2 pointsThe CPI is a measure of theA) average change in the output of the goods and services purchased by a typical urban consumer.B) percentage change in the price level.C) average prices paid by consumers for a fixed basket of goods and services.D) average prices of all goods and services produced.E) average prices of all goods.Question 32 / 2 pointsThe CPI is calculated by the Bureau of Labor Statistics on a frequency of everyA) month.B) decade, along with the Census.C) quarter.D) week.E) year.Question 42 / 2 pointsThe reference base period that the BLS uses to measure the CPI isA) 1998-2000.B) 1993-1995.C) 1967-1969.D) 1982-1984.E) 2005.Question 52 / 2 pointsAccording to the CPI basket, the largest item in the households' budgets isA) apparel.B) food.C) education.D) housing.E) transportation.Question 62 / 2 pointsEconomists agree that the CPIA) is a possibly biased measure of the cost of living.B) is a near perfect measure of the cost of living.C) has no relation to the