Consider the following statements about the Consumer Price Index (CPI): 1. CPI is an index that measures and tracks the changes in the price of goods in the stages before the retail level. 2. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. 3. Changes in the CPI are used to assess price changes associated with the cost of living. Which of the above statement(s) is/are correct? - Study24x7
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Consider the following statements about the Consumer Price Index (CPI): 1. CPI is an index that measures and tracks the changes in the price of goods in the stages before the retail level. 2. It is calculated by taking price changes for each item in the predetermined basket of...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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