Multiple Choice
The CPI is based on an:
A) average of the goods and services purchased by "urban consumers."
B) average of the goods and services purchased by "rural consumers."
C) average of the two baskets of goods and services purchased both by "urban" and by "rural" consumers.
D) aggregated average meant to reflect the statistical average consumption.
Correct Answer:
Verified
Related Questions
Q34: Q35: The substitution by consumers of one good Q36: As new goods and services become available Q37: One problem with keeping the CPI basket![]()