Multiple Choice
Laura buys word processing software in 2010 for $50. Laura's twin brother Laurence buys an upgrade of the same software in 2011 for $50. Which of the following problems 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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