In Calculating the CPI,a Fixed Basket of Goods and Services

question 168

Multiple Choice

In calculating the CPI,a fixed basket of goods and services is used.The quantities of the goods and services in the fixed basket are determined by

• A)surveying consumers.
• B)surveying sellers of the goods and services.
• C)working backward from the rate of inflation to arrive at imputed values for those quantities.
• D)arbitrary choices made by federal government employees.

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Definitions:

Richard Quinney

A criminologist known for his contributions to conflict theory and his critical analysis of the social reality of crime.

Fraud

Involves wrongful or criminal deception intended to result in financial or personal gain.

Functionalist Perspective

A sociological theory that considers society to be a complicated system in which various components function collaboratively to foster unity and steadiness.

Deviance

Behaviors or actions that violate social norms or expectations, which can range from minor to serious.