The biases in the CPI are
A) important only to economists, not the real world.
B) not important since they are so small.
C) not important although they are large.
D) important since they effect nearly 1/3 of federal government spending.

Question

Quizplus · Accepted Answer

The biases in the CPI are important since they affect nearly 1/3 of federal government spending. This makes it crucial for policymakers to understand and account for these biases when making economic decisions.

The Biases in the CPI Are