Which Statement About Chained Consumer Price Index for Urban Consumers

question 67

Multiple Choice

Which statement about chained consumer price index for urban consumers (C-CPI-U) is TRUE?

• A) It does a better job in approximating a cost-of-living index than the CPI.
• B) It takes less time to estimate than the CPI.
• C) It is generally higher than the CPI.
• D) It has no advantage over the CPI.

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