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Which is NOT TRUE about how inflation is calculated? llems are NOT DOUBLE counted which makes the number bigger than it should be. The market basket is updated every 10 years and therefore some items could be outdated. Some items in the market basket are NOT purchased by every household so the data does not perfectly reflect everyone. The Consumer Price Index monitors over the market basket of goods and services to see how their price changes.

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Which is NOT TRUE about how inflation is calculated? llems are NOT DOUBLE counted which makes the number bigger than it should be. The market basket is updated every 10 years and therefore some items could be outdated. Some items in the market basket are NOT purchased by every household so the data does not perfectly reflect everyone. The Consumer Price Index monitors over the market basket of goods and services to see how their price changes.

Which is NOT TRUE about how inflation is calculated? llems are NOT DOUBLE counted which makes the number bigger than it should be. The market basket is updated every 10 years and therefore some items could be outdated. Some items in the market basket are NOT purchased by every household so the data does not perfectly reflect everyone. The Consumer Price Index monitors over the market basket of goods and services to see how their price changes.

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EugêniaMestre · Tutor por 5 anos

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The statement that is NOT TRUE about how inflation is calculated is:

"The market basket is updated every 10 years and therefore some items could be outdated."

In reality, the market basket for calculating inflation is typically updated more frequently than every 10 years to ensure that it accurately reflects the current consumption patterns and the prices of goods and services.
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