Question 34 (1 point)
Which of the following statements is true?
a
Because prices of food (like oranges) and energy products (like
gasoline) are subject to wide swings that can be temporary in
nature (these prices are very volatile), the Bureau of Labor
Statistics (BLS) also reports the core CPI, which
is the CPI less food and energy.
b
Real income is the number of dollars
received as wages, rent, interest, or profit. Nominal income is not
adjusted for inflation....