Product improvements make it difficult for the statisticians who construct the CPI to distinguish between ________ changes and ________ changes.
A)price; quality
B)quantity; price
C)quantity; quality
D)income; price

Question

Quizplus · Accepted Answer

The price index seeks to compare prices of goods and services while keeping the quality of goods and services constant. But products are always changing and usually changing for the better. It is common for both prices and quality to go up at the same time.

Product Improvements Make It Difficult for the Statisticians Who Construct