Question

The consumer market basket of goods and services, in which the consumer price index (CPI) measures the change in weighted-average price over time, is created by the U.S. Bureau of Labor Statistics.

Answer 1

Answer:

True

Explanation:

The US Bureau of Labor Statistics is responsible for measuring the change in prices of the consumer price index (CPI). The CPI is measured in 75 different urban centers around the country and then they are averaged to determine a single price for the country. The CPI includes food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that households buy for day to day living.

Answer 2

Answer:

by conducting a Consumer Expenditure Survey

Explanation: