Michelle Bought Word-Processing Software in 2009 for $75

question 185

Multiple Choice

Michelle bought word-processing software in 2009 for $75.Michelle's cousin,Barry,bought an upgrade of the same software in 2010 for $75.To which problem in the construction of the CPI is this situation most relevant?

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

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Definitions:

Delusion

A false belief or judgment held with conviction despite evidence to the contrary, often occurring as part of a psychiatric disorder.

Post-Traumatic Stress Disorder

A psychiatric condition initiated by either experiencing firsthand or observing a distressing event, leading to severe fear, recurring dreams, and flashback episodes.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think and how you act, offering symptoms like sadness and lack of interest in activities.

Anxiety

An emotion of concern, apprehension, or discomfort regarding an event with an unpredictable result.