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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1596 |
Essay's paper body
It is not designed to measure the exact price level faced by any one consumer. The BLS collects data only in urban areas. Thus the CPI does not attempt to provide a measure of rural price levels. However, the CPI-U should be serviceable for approximately 87 percent of the U.S. population (BLS, "Guide to Available...
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Thus the CPI does not attempt to provide a measure of rural price levels. However, the CPI-U should be serviceable for approximately 87 percent of the U.S. population (BLS, "Guide to Available.") A two-week lag time exists between the completion of data collection and the publication of CPI data. The measure has limitations...
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