Constructing an accurate cost-of-living index is difficult because:
A) consumers have different tastes.
B) prices of different goods change by different proportions.
C) prices of different goods change by the same proportions.
D) real and nominal income tend to move together.

Question

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The Answer of Constructing an accurate cost-of-living index is difficult because:
A) consumers have different tastes.
B) prices of different goods change by different proportions.
C) prices of different goods change by the same proportions.
D) real and nominal income tend to move together.

Constructing an Accurate Cost-Of-Living Index Is Difficult Because