To Reduce the Bias in the Consumer Price Index,the Bureau

question 91

Multiple Choice

To reduce the bias in the consumer price index,the Bureau of Labor Statistics

• A)updates the market basket every two years,rather than every 10 years.
• B)updates the market basket every 10 years,rather than every two years.
• C)incorporates substitutions by consumers when prices of specific products rise rapidly.
• D)incorporates substitutions by consumers when prices of specific products fall rapidly.