How Is the Basket of Goods in the CPI Determined

Multiple Choice

How is the basket of goods in the CPI determined?

A) The basket is a random sample of goods and services purchased by consumers.
B) The basket is representative of all the goods and services that make up GDP.
C) Statistics Canada surveys consumers and finds the basket of goods and services that the typical consumer buys.
D) A basket of raw materials and unfinished goods purchased by typical producers is selected by Statistics Canada based upon surveys of manufacturers.