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    Principles of Macroeconomics Study Set 8
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    Exam 11: Measuring the Cost of Living: The Consumer Price Index
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    To Which of the Problems in the Construction of the CPI
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To Which of the Problems in the Construction of the CPI

Question 78

Question 78

Multiple Choice

To which of the problems in the construction of the CPI is the creation of the mobile phone most relevant?


A) substitution bias
B) introduction of new goods
C) unmeasured quality change
D) income bias

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