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.

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The CPI excludes business purchases, uses current year quantities, includes separate market baskets for both years, and is bias-free.

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