Ask Question
Social StudiesSocial Studies
1 September, 14:13

Which one of the following statements is true of the Consumer Price Index? A. It does not take into account the price of used goods. B. It measures changes in prices in a fixed basket of goods. C. It does not take account of the price of imported goods and services. D. It understates the true rate of inflation

+5
Answers (1)
  1. 1 September, 15:51
    0
    The answer is B. It measures changes in prices in a fixed basket of goods.

    Explanation:

    The Consumer Price Index is used to measure whether the prices when up or down. It takes a group {or a basket) of goods and services that is deemed representative. It covers things like food, transportation, clothing. It looks at price changes for each item and average the total to give you an inflation rate. It is calculated monthly, quarterly or yearly.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which one of the following statements is true of the Consumer Price Index? A. It does not take into account the price of used goods. B. It ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
How is a limited government different from an unlimited government? A. In a limited government, the people can only vote once a year. B. In a limited government, the leaders can do whatever they want. C.
Answers (1)
The Articles of Confederation provided that: Group of answer choices 1. each state could send two to seven representatives to Congress. 2. the Congress of the Confederation could force the states to meet military quotas. 3.
Answers (1)
Ecover, a manufacturer of personal care and beauty products, has a focus on sustainability. It has developed eco-packaging, eliminated many potentially harmful chemicals from its products, and has improved its production systems to reduce waste.
Answers (1)
Which of the following asks what can be done to improve the quality of young people's lives and provides ideas for effectively treating and controlling youth crime?
Answers (1)
Week #1 Debate Question: Do you believe in / agree with modern feminism? Are you a feminist yourself? This is not for school, I just like to read people's responses and opinions! All are free to answer but no hate allowed. If so you will be reported.
Answers (1)
New Questions in Social Studies
Who is the prime minester of India?
Answers (2)
Lizette's attitude toward other racial groups had always been negative. in her first year of college, she was assigned a roommate from a different racial group. this experience caused her to give up her prejudicial attitude.
Answers (1)
Which of the following best describes Rome's contribution to the alphabet? A. They replaced their alphabet with a form of hieroglyphics. B. They were the first civilization to invent an alphabet. C.
Answers (1)
Which statement best describes the Confederate economy? A. The Confederate economy was primarily based on the manufacturing industry. B. The Confederate economy was primarily agricultural. C.
No Answers
What form of nationalism did Nazi Germany practice? religious ethnic cultural political
Answers (2)
Home » Social Studies » Which one of the following statements is true of the Consumer Price Index? A. It does not take into account the price of used goods. B. It measures changes in prices in a fixed basket of goods. C.
Sign Up Forgot Password?