Buy custom Inaccuracies Of The Consumer Price Index (cpi)
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
2 / 446 |
Essay's paper body
Because consumers are the
ones that are being affected, they control the CPI as opposed to the Federal
Government.
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The Consumer Price Index is a measure of the prices of a fixed market
basket of some 300 consumer goods and services purchased by a "typical" urban
consumer. The 1982-1984 period serves as the base period so analysts can compare
other year's changes with this base period. The composition of the market
basket is fixed in the base period and is assumed not to change from one period
to another...
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