When Calculating the CPI,the Bureau of Labor Statistics

question 10

Multiple Choice

When calculating the CPI,the Bureau of Labor Statistics

• A)weights the price of goods and services in the basket relative to the importance of the average urban household budget.
• B)sums the prices of the goods and services in the average urban household consumption basket.
• C)weights the price of all goods and services produced in a year within a country's borders.
• D)multiplies by 100 the average price of goods and services in the average urban consumer's basket.
• E)makes certain to weight the goods and services equally so that no one product is over-weighted.