O httpsnewconnectmheducationcomflowconnecthtml ExamII Topi

> O ? |?https://newconnect.mheducation.com/flow/connect.html ExamII (Topics 57 The Consumer Price Index includes 35 Multiple Choice Skipped o the top selling 50 goods and services each month. eBook all of the goods and services produced in the economy goods and services from over 200 categories only goods and services produced domestically 0 Type here to search CI

Solution

Consumer price index includes the average prices paid for the basket of goods and services consumed by the households. It is not necessary that thses goods are domestic goods.

Also not all the goods and services produced are included in the CPI. Only the ones concerning the households are included in calculation of CPI.

So the answer is goods and services from over 200 categories which are consumed by households and they are divided into 8 major parts ie education, apparel (clothing), housing, transport, food and beverages and other goods and services. All these goods are produced by average household, hence it is necessary to calculate the average price of these basket of goods and services.

Option C is the answer.