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Social Studies, 17.03.2020 03:34 jasmincorrea45

Before you answer your grandmother's questions, you first need to explain how the BLS (Bureau of Labor Statistics) calculates the CPI. "Well, Grandma, there are four basic steps". Rank the following steps in order, from the first step to the last. A. Come up with a basket of goods bought by a typical consumer.
B. Convert the cost of a basket to an index number.
C. Calculate how much the basket costs in each period.
D. Find out the prices of the different goods

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