The value of the CPI's "market basket" is determined by ________
A) the combined prices of a specified set of goods and services
B) the net profit earned by businesses selling a specified set of goods and services
C) the price of all goods and services purchased in a particular period
D) the cost of production for a specified set of goods and services in a given market
E) the difference between the prices of the raw materials used to create goods and the prices the consumer actually pays for these finished goods
A
Explanation: A) The value of the market basket is determined by the prices of a certain set of goods and services. The value of the market basket in a given period (e.g., a month) is then compared to its value in a prior period.
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