Incuded within the major CPI basket groups are various gover

Incuded within the major CPI basket groups are various government-charged user fees, such as water a charges, auto registration fees, and vehicle tolls. True False

Solution

The CPI measures the change in the price level of basket of goods from one year to another year. It includes the price changes in the basket of consumer goods and services. The CPI does not include the fees and charges for the services.

ANS: FALSE.