To Which of the Problems in the Construction of the CPI

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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Definitions:

Homogamy

The tendency to choose romantic partners who are similar to us in terms of class, race, education, religion, and other social group membership.

Internet

A global network of computers and servers that supports a vast range of information sharing and communication services, including the World Wide Web.

Unwed Individuals

People who are not legally married or part of a matrimonial union.

Romantic Partners

Individuals involved in a romantic relationship with each other.