The Value of the Consumer Price Index (CPI)is Best Described

question 136

Multiple Choice

The value of the consumer price index (CPI) is best described as the

• A) current year prices to base year prices,holding the market basket content constant.
• B) current year prices to base year prices,including changes in the content of the market basket.
• C) base year prices to current year prices,holding the market basket content constant.
• D) base year prices to current year prices,including changes in the content of the market basket.
• E) current year quantity to base year quantity,including changes in the prices of the market basket.

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