Multiple Choice
There are separate CPIs for various components of the market basket. For example, the CPI for new motor vehicles (1982-84 = 100) was 132.4 in 2008.
If there were adjustments in the new motor vehicle index due to quality improvements , would the actual increase in new motor vehicle prices be greater, smaller, or the same as in the previous question?
A) Greater
B) Smaller
C) The same
D) Could be either greater or smaller.
Correct Answer:
Verified
Correct Answer:
Verified
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