Which of the Following Statements Is True of the CPI

question 118

Multiple Choice

Which of the following statements is true of the CPI?

• A) It uses the same basket of goods and services as the PPI.
• B) The quantities of items in the current year are used for computing the weights for the index.
• C) It is an unweighted price index used to measure inflation.
• D) It is based on the prices paid by urban consumers for a representative basket of goods and services.

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