Which of the following makes the Consumer Price Index a less accurate measure of the cost of living?
I. the monthly price survey conducted to collect information about prices is very unreliable
Ii. the existence of a new goods bias in the calculation of the CPi
Iii. the existence of a quality change bias in the calculation of the CPI
A) i only
B) ii only
C) ii and iii
D) i and ii
E) i, ii, and iii
Correct Answer:
Verified
Q88: If we look back at inflation data
Q89: If a country had a CPI of
Q91: In the United States,the good or service
Q93: According to the historical record of inflation
Q94: The CPI is reported once every
A)year.
B)quarter.
C)month.
D)week.
E)other year.
Q96: Suppose the market basket of consumer goods
Q97: Since 1300,the inflation rate has been greater
Q98: In the United States between 1971 and
Q104: Economists agree that the CPI
A)is a near
Q117: Which of the following is NOT a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents