Which of the following are considered sources of bias in the CPI?
A) Prices changing too rapidly;substitution,new technologies;and quality changes.
B) Prices changing too rapidly;substitution;quality changes;and growth in discounting.
C) Quality changes;new technologies;prices changing too rapidly;and growth in discounting.
D) Substitution;new technologies;prices changing too rapidly;and growth in discounting.
E) Quality changes;new technologies;substitution;and growth in discounting.

Question

Quizplus · Accepted Answer

The main sources of bias in the Consumer Price Index (CPI) include quality changes, new technologies, substitution, and growth in discounting. These factors can lead to inaccuracies in measuring the true cost of living.

Which of the Following Are Considered Sources of Bias in the CPI