Which of the following is FALSE? The consumer price index:
A)reflects changes in the prices of goods typically purchased by consumers.
B)contains thousands of goods and services.
C)is calculated by the Bureau of Labor Statistics.
D)changes only in the base year, every five to seven years.

Question

Quizplus · Accepted Answer

The statement "changes only in the base year, every five to seven years" is false. The consumer price index is updated monthly, and the base year is typically updated every 10 years.

Which of the Following Is FALSE? the Consumer Price Index