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How Are the Prices of Various Goods and Services Determined

Question 72

Multiple Choice

How are the prices of various goods and services determined for the Consumer Price Index (CPI) ?


A) By an extensive annual household survey
B) By an extensive monthly survey of stores,apartments,and owner-occupied homes
C) By an extensive annual survey of stores,apartments,and owner-occupied homes
D) By an extensive monthly household survey
E) Through the same survey used to determine the typical market basket

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