Question
the consumer price index is constructed by:
A. Determining the value of a market basket in the current year with respect to its value in the base year
B. Surveying businesses to discover how many goods and services they have sold
C. Using tax records to determine consumers' incomes in a year
D. Using base year prices to determine the value of goods and services made in a year
E. Dividing nominal GDP by real GDP
A. Determining the value of a market basket in the current year with respect to its value in the base year
B. Surveying businesses to discover how many goods and services they have sold
C. Using tax records to determine consumers' incomes in a year
D. Using base year prices to determine the value of goods and services made in a year
E. Dividing nominal GDP by real GDP
Answers
Answered by
GPT 3.5
A. Determining the value of a market basket in the current year with respect to its value in the base year