To measure the "core" inflation rate, the Bureau of Economic Analysis uses a price measure that
A. excludes food and energy prices because the prices of these items can be volatile.
B. includes food and energy prices because the se items account for a significant portion of the typical consumer's expenditures.
C. is made up of a fixed basket that includes durable goods, non-durable goods, and services.
D. includes prices for different components of gross private domestic investment, government spending, and personal consumption expenditures.
Ans: A. excludes food and energy prices because the prices of these items can be volatile.
You might also like to view...
The prosperity of a nation today is typically measured by its: a. total output or gross national product
b. real output per capita. c. gold reserves. d. proportionate share of international trade.
?A person who works part-time is considered to be:
a. employed
b. unemployed.
c. out of the labor force.
d. overemployed.