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To Compute the CPI,the Bureau of Labor Statistics (BLS)compiles a "Basket

Question 53

Multiple Choice

To compute the CPI,the Bureau of Labor Statistics (BLS) compiles a "basket of goods" that ________;each price in the index is weighted by ________.


A) are produced in the United States;an expenditure survey
B) the average farmer produces;how long it takes for the particular good to reach the market
C) the average urban consumer buys;the quantity of the good that goes into the basket
D) only members of congress purchase;a "luxury" score
E) is typical of consumers below the poverty line;the perceived quality of the good

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