5
AssignmentMultiple Choice

Money

Question 5 • * HSA 26-27 Economics

Which federal agency calculates the Consumer Price Index (CPI)?

Answer
A
US Census Bureau
B
US Bureau of Labor Statistics
C
US Department of Commerce
D
US Department of the Treasury

Explanation

The US Bureau of Labor Statistics (BLS) collects price data and calculates the Consumer Price Index, which tracks changes in the prices consumers pay over time. The Census Bureau conducts surveys and provides data used in some statistics, but the BLS is the agency responsible for the CPI.

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