Multiple Choice
Prices of items included in the CPI are:
A) averaged, with the price of every item weighted equally.
B) weighted according to the amount of the item produced in GDP.
C) weighted according to the quantity of the item purchased by the typical household.
D) chained to the base year by the year-to-year growth rate of the item.
Correct Answer:
Verified
Correct Answer:
Verified
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