How Is the CPI Constructed

question 123

Multiple Choice

How is the CPI constructed?

• A)by multiplying the current-year value of a market basket by the base-year value of the same market basket and dividing by 100
• B)by dividing the current-year value of a market basket by the base-year value of the same market basket and multiplying by 100
• C)by dividing the value of a market basket by the rate of inflation
• D)by multiplying the value of a market basket by the rate of inflation

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