How are the prices of various goods and services determined for the Consumer Price Index (CPI)?
A) By an extensive annual household survey
B) By an extensive monthly survey of stores,apartments,and owner-occupied homes
C) By an extensive annual survey of stores,apartments,and owner-occupied homes
D) By an extensive monthly household survey
E) Through the same survey used to determine the typical market basket

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is determined by an extensive monthly survey of prices from stores, apartments, and owner-occupied homes to track changes in the cost of living.

How Are the Prices of Various Goods and Services Determined