All of the Following Can Create a Bias in the CPI

question 121

Multiple Choice

All of the following can create a bias in the CPI EXCEPT the

• A)new goods bias.
• B)outlet substitution bias.
• C)commodity substitution bias.
• D)GDP price index bias.
• E)quality change bias.

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Definitions:

Sleeper

A compartment attached to the cab of a semi-truck equipped with sleeping and living quarters for the driver.

Bunk Lights

Small, often LED, lights designed to illuminate sleeping or resting areas in vehicles like trucks or cabins in boats.

Pyrometer

An instrument used to measure very high temperatures, often in industrial processes and engines.

Exhaust Gas Temperature

The temperature of the gas emitted from an engine’s exhaust, which can indicate the engine's performance and efficiency.