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In the Consumer Price Index of the United States

Question 376

Multiple Choice

In the consumer price index of the United States:


A) the current cost of a basket of goods is compared to the base-period cost of the same basket of goods.
B) the base-period index is always equal to 100.
C) the base period is 1982-1984.
D) the current cost of a basket of goods is compared to the base-period cost of the same basket of goods, the calculation of the base-period index is always equal to 100, and the base period is 1982-1984.

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