For the CPI,the market basket is expressed in terms of what the goods cost in
A)1929.
B)2000.
C)The base period.
D)The optimal period.

Question

Quizplus · Accepted Answer

The market basket for CPI is expressed in terms of the base period, which serves as a reference point for comparison. The CPI is calculated by comparing the cost of the market basket in the current period to the cost of the same basket in the base period. Therefore, the correct choice is C, the base period.

For the CPI,the Market Basket Is Expressed in Terms of What