Which Statement About Chained Consumer Price Index for Urban Consumers

Multiple Choice

Which statement about chained consumer price index for urban consumers (C-CPI-U) is TRUE?

A) It does a better job in approximating a cost-of-living index than the CPI.
B) It takes less time to estimate than the CPI.
C) It is generally higher than the CPI.
D) It has no advantage over the CPI.