Multiple Choice
The technique currently used to calculate the CPI implicitly assumes that over time consumers buy
A) relatively more of goods whose relative prices are rising.
B) relatively less of goods whose relative prices are rising.
C) the same relative quantities of goods as in a base year.
D) goods and services whose quality improves at the rate of growth of real income.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -If the CPI
Q22: Because of the biases in calculating the
Q23: The table below shows the price index
Q24: If the number of people unemployed is
Q25: The _ equals the number of _.<br>A)
Q27: In the 2000s, video recordings were made
Q28: Inflation is a problem when<br>A) it is
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the data
Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q31: Suppose there are 180 million employed people