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A 2009 Chevrolet Model Has More Horsepower Than the 2008

Question 175

Multiple Choice

A 2009 Chevrolet model has more horsepower than the 2008 version and is included in the BLS basket of goods.BLS attempts to account for this change in the market basket by


A) dropping the good from the basket.
B) substituting in a different vehicle with the same horsepower as the 2008 model.
C) adjusting the share of the market basket allocated to transportation.
D) adjusting the price of the good to account for the quality change.

Correct Answer:

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