It is true that because of the substitution problem, the CPI tends to overstate the true change in the price of the typical basket of consumer goods.
<h3>What is CPI?</h3>
- A consumer price index measures a market basket of goods and services that households have purchased at a weighted average price.
- The measured CPI fluctuates to reflect changes in prices over time.
- One of the most popular methods for determining inflation and deflation is the CPI.
- An essential gauge of an economy's health is inflation. The CPI and other indexes are used by governments and central banks when making economic decisions.
- The decision to raise or cut interest rates is crucial among these.
- If the CPI increases, it indicates that the average rate of change in price over time has increased. The cost of living and income are eventually changed as a result of this.
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Answer:
Yes, there is marketing exchange.
Explanation:
Marketing exchange is the exchange which happens or take place when two or more people trade services or goods. In theory of marketing, each exchange is supposed to have a utility.
So, in this case, there is marketing exchange of paying the tuition fees for or against the knowledge and it directly lead to the new job of Cali.
Answer:
False
Explanation:
As per the chapter of power and politics, all tactics exercised depends on the audience on which it is exercised, and how responsive the audience reacts to such tactics, but it is said to apply the softer tactics as would be easy to apply for the individual and it might result favorable on audience.
If such soft tactics fail then harder tactics shall be practice. As this will minimal the efforts of individual and will impact highly on the power to attain goals.
Thus, the above stated statement is False.
