Question: The CPI is determined by computing: A.The average of prices of all goods and services B.The price of a basket of goods and services that

The CPI is determined by computing:

A.The average of prices of all goods and services

B.The price of a basket of goods and services that changes each year, relative to the same basket in a base year.

C.The price of a fixed basket of goods and services, relative to the price of the same basket in a base year.

D.Nominal GDP relative to real GDP

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