Economics (Proper English) WK 4, 4.1

Order Description

 

From the Bureau of Labor Statistics website (https://www.bls.gov/cpi/), find the answers to the following questions:

How is the consumer price index (CPI) used?

How is the CPI market basket determined?

What goods and services does the CPI cover?

How are CPI prices collected and reviewed?

How can the CPI help businesses manage costs?