The Bureau of Labor Statistics complies two different types of market baskets,to reflect the spending habits of two different types of people:
A) All Urban Workers (CPI-U)and All Farm Workers (CPI-F)
B) All Urban Workers (CPI-U)and Urban Low Wage Workers (CPI-LW)
C) All Urban Workers (CPI-U)and Urban Wage Earners and Clerical Workers (CPI-W)
D) All Urban Workers (CPI-U)and All Rural Workers (CPI-R)
E) All Urban Workers (CPI-U)and Urban Service Workers (CPI-S).

Question

Quizplus · Accepted Answer

The CPI-W market basket reflects the spending habits of urban wage earners and clerical workers, which is a more specific subset of the larger CPI-U market basket that reflects the spending habits of all urban workers. This differentiation allows for a more accurate representation of inflation for this particular group of workers.

The Bureau of Labor Statistics Complies Two Different Types of Market