The Consumer Price Index (CPI)differs from a Chain-Weighted Price Index

question 119

Multiple Choice

The Consumer Price Index (CPI) differs from a chain-weighted price index in that the CPI

• A) requires calculation of GDP, while the chain-weighted index does not.
• B) measures the costs of a typical fixed basket of goods over time, while the chain-weighted index does not.
• C) allows for the goods consumed in an economy to change over time, while the chain-weighted index does not.
• D) compares the prices of all goods in one year to the prices of all goods in other years.

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