An example of the quality change bias,and not a new goods bias,in the calculation of the CPI is a price increase in

Question

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The price increase between a 2013 GPS unit and a 2008 GPS unit represents a quality change bias because even though the prices of both units may have been similar, the newer GPS unit likely has improved features and technologies that make it more valuable. In contrast, options A, B, D, and E represent new goods bias or differences in consumer preferences rather than changes in the quality of existing products.

An Example of the Quality Change Bias,and Not a New