Which Federal Agency Is Responsible for Computing and Reporting the Consumer

question 33

Multiple Choice

Which federal agency is responsible for computing and reporting the Consumer Price Index (CPI) ?

• A) Department of Agriculture
• B) Department of Commerce
• C) Department of State
• D) Department of Labor
• E) Department of National Statistics

---

Definitions:

Underground Economy

Economic activity that occurs outside of government regulation and taxation, including both illegal activities and unreported income from legal sources.

Gross Domestic Product

The collective market or monetary value of all final products and services created within a nation's territory in a specific duration.

Economic Activity

Economic activity encompasses all actions that involve the production, distribution, and consumption of goods and services in an economy.

Depreciation

The value of capital stock used up to produce GDP or that becomes obsolete during the year