Solved

The Consumer Price Index Is Created by

Question 186

Multiple Choice

The consumer price index is created by


A) calculating the cost of a "basket" of consumer goods typically bought by an American family in any year as a percentage of their cost in a base year.
B) the Congressional Budget Office.
C) averaging the price increases for all consumer goods in the GDP and adding 100.
D) dividing nominal dollar consumer expenditures by base year consumer expenditures.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents