The biases in the CPI are
A) important only to economists, not the real world.
B) not important although they are large.
C) not important since they are so small.
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 means that any errors or inaccuracies in the CPI could lead to significant policy decisions with real-world consequences.

The Biases in the CPI Are