An Example of the Quality Change Bias, and Not a New

question 247

Multiple Choice

An example of the quality change bias, and not a new goods bias, in the calculation of the CPI is a price increase in

• A)Coke versus Pepsi.
• B)DVDs purchased on Craigslist, an online classified website.
• C)a 2011 GPS unit versus a 2008 GPS unit.
• D)etexts versus used books .
• E)pants purchased by a first-time shopper at Aeropostale.

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Definitions:

Chiropractic Practitioners

Healthcare professionals who focus on the diagnosis and treatment of neuromuscular disorders, with an emphasis on treatment through manual adjustment and/or manipulation of the spine.

Doctoral Degree

The highest level of academic degree awarded by universities, recognizing the recipient has completed a substantial body of original research in a specific field.

Apprentice Program

A training program where individuals learn a craft or trade through hands-on experience under the guidance of skilled professionals.

CAM

An abbreviation for Complementary and Alternative Medicine, which includes healthcare practices and products not typically part of conventional medicine.