Which of the Following Is NOT a Criticism of the CPI

question 19

Multiple Choice

Which of the following is NOT a criticism of the CPI?

• A) The CPI does not account for the way consumer substitute less expensive items for higher priced items.
• B) The CPI ignores changes in consumption patterns that occur between years in which it revises the index.
• C) The CPI ignores successful new products until long after they have been introduced.
• D) The CPI ignores the changes of prices of goods that firms produce and sell to each other.

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Definitions:

Brachioradialis

A muscle of the forearm that flexes the forearm at the elbow.

Biceps Brachii

A muscle of the upper arm that flexes the elbow and rotates the forearm, consisting of two heads (long and short) originating from the shoulder and attaching to the forearm.

Flexor Carpi Ulnaris

A muscle of the forearm that acts to flex and adduct the wrist.

Metacarpal Bones

The five long bones in the hand that are connected to the carpals (wrist bones) and the phalanges (fingers).