The principal reason why the chain-weighted index for GDP and the CPI both overstate actual changes in prices is that
A) the basket of goods purchased by consumers never changes.
B) price data is often inaccurate.
C) it is hard to measure quality changes.
D) all of the above
C
Economics
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When there is a surplus of snowboards, the
A) demand for snowboards is greater than the supply of snowboards. B) supply of snowboards is greater than the demand for snowboards. C) quantity of snowboards demanded is greater than the quantity of snowboards supplied. D) quantity of snowboards supplied is greater than the quantity of snowboards demanded. E) price rises to restore the equilibrium.
Economics
In 2004, an example of cashless society is
A) U.S.S. Harry S. Truman. B) United States. C) Japan. D) U.S. Universities.
Economics