Solved

If the Prices of the Goods and Services Contained in the CPI

Question 51

Multiple Choice

If the prices of the goods and services contained in the CPI market basket increase from the base period to the next year,we know that


A) the inflation rate is falling.
B) the next year's CPI will be above 100.
C) the next year's CPI will be below 100.
D) the cost of the CPI market basket at next year's prices is lower than the cost of the CPI market basket at base period prices.
E) the market basket used by the BLS must be changed next year to reflect consumers' new 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