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What is the CPI base period a. Period the index equals 100 b. Period the weight data have been collected c. Period the average prices are compiled for index calculation d. Period the CPI was first established e. There are three reference periods, no base period.

What is the CPI base period a. Period the index equals 100 b. Period the weight data have been collected c. Period the average prices are compiled for index calculation d. Period the CPI was first established e. There are three reference periods, no base period.

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 9WNG
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What is the CPI base period

a. Period the index equals 100

b. Period the weight data have been collected

c. Period the average prices are compiled for index calculation

d. Period the CPI was first established

e. There are three reference periods, no base period.

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