The Consumer Price Index Is Created by

question 284

Multiple Choice

The consumer price index is created by

• A)calculating the cost of a "basket" of consumer goods typically bought by an American family in any year as a percentage of their cost in a base year.
• B)the Congressional Budget Office.
• C)averaging the price increases for all consumer goods in the GDP and adding 100.
• D)dividing nominal dollar consumer expenditures by base year consumer expenditures.

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