Which of the following situations illustrate the problem of the introduction of new goods in the construction of the cpi? check

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DerKrebs [107]

2 years ago

6

Which of the following situations illustrate the problem of the introduction of new goods in the construction of the cpi? check

all that apply.

SAT

1 answer:

Leno4ka [110] · Answer 1 · 2023-06-25T16:54:40+03:00

An example of a problem with the introduction of new goods in the construction of the CPI is: the invention of cell phones.

CPI is an acronym for consumer price index and it can be defined as a measure of the the average change in prices for a weighted average basket of goods and services that are purchased by households in an economy, over a specific period of time.

This ultimately implies that, a consumer price index (CPI) can be used to estimate the price changes in a weighted average basket of goods and services that are purchased by households in an economy, over a specific period of time.

In conclusion, an example of a problem with the introduction of new goods in the construction of the consumer price index (CPI) is the invention of cell phones.

Read more on consumer price index here: brainly.com/question/5811771