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When Calculating the CPI,the Bureau of Labor Statistics

Question 37

Multiple Choice

When calculating the CPI,the Bureau of Labor Statistics


A) weights the price of goods and services in the basket relative to the importance of the average urban household budget.
B) sums the prices of the goods and services in the average urban household consumption basket.
C) weights the price of all goods and services produced in a year within a country's borders.
D) multiplies by 100 the average price of goods and services in the average urban consumer's basket.
E) makes certain to weight the goods and services equally so that no one product is over-weighted.

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