For the Purpose of Measuring the Cost of Living for Consumers,one

question 22

Multiple Choice

For the purpose of measuring the cost of living for consumers,one reason the GDP price index is NOT a good substitute for the CPI is because the GDP price index

• A)compares a current year basket of goods with a base year basket of goods.
• B)compares current year's prices with base year's prices.
• C)includes the prices of exported goods,which are not consumed in the United States.
• D)and the CPI move in the same direction over time.
• E)has a larger bias than does the CPI.

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