What are the items included in the CPI's "market basket" chosen to represent?
A) goods and services bought by the business sector
B) the cost of government-supplied goods and services
C) goods and services bought by the average consumer
D) all goods and services produced by domestic businesses

Question

Quizplus · Accepted Answer

The CPI's "market basket" is chosen to represent goods and services bought by the average consumer. This includes a range of goods and services such as food, housing, transportation, healthcare, and recreation, among others.

What Are the Items Included in the CPI's "Market Basket