Which of the Following Statements Is True

question 70

Multiple Choice

Which of the following statements is true?

• A)The CPI is based on a fixed quantity of goods and services in the base year.
• B)The CPI measures the price of all goods and services included in GDP.
• C)Services are excluded from the CPI.
• D)The CPI is a by-product of computing GDP.
• E)The CPI does not hold the quantity of goods and services constant when computing the price level.

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