Multiple Choice
Laura bought word-processing software in 2005 for $50.Laura's twin brother,Laurence,buys an upgrade of the same software in 2006 for $50.What problem in the construction of the CPI does this situation best represent?
A) substitution bias
B) unmeasured quality change
C) introduction of new goods
D) income bias
Correct Answer:
Verified
Correct Answer:
Verified
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