In Calculating the Consumer Price Index,a Fixed Basket of Goods

question 39

Multiple Choice

In calculating the consumer price index,a fixed basket of goods is used.The quantities of the goods in the fixed basket are determined by

• A)surveying consumers.
• B)surveying sellers of those goods.
• 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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