-If the 2012 CPI increased by five per cent, economists would estimate that the true cost of living had increased by about 4 per cent.

Name: -If the 2012 CPI increased by five per cent, economists would estimate that the true cost of living had increased by about 4 per cent.
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The CPI overestimates the true cost of living because it does not take into account changes in the quality of goods and services.

-If the 2012 CPI Increased by Five Per Cent, Economists