The Consumer Price Index (CPI)relies on the calculation of
A) prices of a fixed basket of goods that does not change often.
B) prices of a variable basket of goods that changes frequently.
C) the components of GDP that change annually.
D) the components of GDP that do not change frequently.

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) relies on the calculation of prices of a fixed basket of goods that does not change often. This includes a predetermined group of goods and services that represents what the average consumer purchases, and the prices of these goods are measured over time to track inflation.

The Consumer Price Index (CPI)relies on the Calculation of