Each month the CPI is calculated by
A) recording the new prices and making no other calculation.
B) multiplying the current cost of the CPI market basket by the base period cost and then dividing by 100.
C) subtracting the base period cost of the CPI market basket from the current cost and then dividing by 100.
D) dividing the current cost of the CPI market basket by the base period cost and then multiplying by 100.
E) subtracting the current period cost of the CPI market basket from the base period cost and then multiplying by 100.
Correct Answer:
Verified
Q33: The CPI market basket
A)contains one unit of
Q34: In 2013,the reference base period for the
Q35: According to the CPI basket,the largest item
Q36: When the price of,say,a package of rice
Q37: When calculating the CPI,the Bureau of Labor
Q39: For the CPI,the market basket of goods
Q40: What is the good or service is
