In the consumer price index of the United States:
A)the current cost of a basket of goods is compared to the base-period cost of the same basket of goods.
B)the base-period index is always equal to 100.
C)the base period is 1982-1984.
D)the current cost of a basket of goods is compared to the base-period cost of the same basket of goods, the calculation of the base-period index is always equal to 100, and the base period is 1982-1984.

Question

Quizplus · Accepted Answer

The consumer price index (CPI) of the United States compares the current cost of a basket of goods to the base-period cost of the same basket of goods, and the calculation of the base-period index is always equal to 100. The current base period is 1982-1984. Therefore, option D is the correct choice.

In the Consumer Price Index of the United States