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The consumer price index (CPI) is used as a measure of inflation, or a general rise in prices in terms of a specific currency, such as the U.S. dollar. The index measures the prices of a “typical consumer’s market basket” of goods and services. Which of the following items would NOT be included in this market basket?

Explanation

Rent, food, transportation (automobiles), and electricity are all goods or services purchased by typical consumers. Wages represent income, not spending.

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