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The BLS has a $700 million budget. What's its ROI?

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The Critical Role of the BLS in Economic Measurements

This chapter explores the crucial role of the Bureau of Labor Statistics in monitoring price changes through the Consumer Price Index, underlining the importance of precise data gathering for economic measures. It also addresses the challenges faced by the BLS, including declining response rates and the shift towards estimated data, highlighting the potential financial repercussions of inaccuracies in the CPI.

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