Page Turnbull
06/06/2023 · Elementary School
One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI: excludes goods and services purchased by businesses. uses current year quantities of goods and services. includes separate market baskets of goods and services for both base and current years. is bias free.
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The CPI excludes business purchases, uses current year quantities, includes separate market baskets for both years, and is bias-free.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit