Question

Which of the following situations illustrate the problem of the introduction of new goods in the construction of the cpi? check all that apply.

Answer 1

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

What is CPI?

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