Question

Typically the consumer price index (CPI) is calculated by checking the prices of:

- all goods in 38 geographic locations.
- only consumer goods in all populated places in the United States (using the Census Bureau’s definition of a populated place).
- about 8,000 goods in about 38 locations across the United States.
- about 8,000 goods in about 38 locations in North America.
- about 10,000 goods in about 75 locations in the United States.

Answer 1

c. about 8,000 goods in about 38 locations across the United States

Step-by-step explanation:

Typically the consumer price index (CPI) is calculated by checking the prices of about 8,000 goods in about 38 locations across the United States