What Is One Way to Adjust the CPI for Substitution

question 85

Multiple Choice

What is one way to adjust the CPI for substitution bias?

• A) Use the Paasche index.
• B) Use the Laspeyres index.
• C) Multiply the Paasche Index and the Laspeyres index.
• D) Take the geometric mean of the Paasche index and the Laspeyres index.

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