The Consumer Price Index Measures Inflation by Using

Multiple Choice

The Consumer Price Index measures inflation by using

A) all goods and services that are produced using a current-year basket.
B) all goods and services that are produced using a base-year basket.
C) only consumption goods and services purchased using a current-year basket.
D) only consumption goods and services purchased using a base-year basket.
E) the goods and services produced in the base year and goods and services produced in the current year.