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Author Question: When calculating the CPI, the Bureau of Labor Statistics A) makes certain to weight the goods and ... (Read 66 times)

iveyjurea

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on: Jun 30, 2018
When calculating the CPI, the Bureau of Labor Statistics
 
  A) makes certain to weight the goods and services equally so that no one product is over-weighted.
  B) weights the price of all goods and services produced in a year within a country's borders.
  C) sums the prices of the goods and services in the average urban household consumption basket.
  D) weights the price of goods and services in the basket relative to the importance of the average urban household budget.
  E) multiplies by 100 the average price of goods and services in the average urban consumer's basket.

Question 2

The working-age population includes
 
  A) people over the age of 16 who are in the Army.
  B) employed and unemployed people over the age of 16.
  C) those in jails and hospitals.
  D) youngsters between the ages of 14 and 16 if they are working at least part time.
  E) only employed people over the age of 16.


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maya.nigrin17@yahoo.com

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


iveyjurea

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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