The CPI overstates inflation because the average consumer buys ...

[tuffie]

The CPI overstates inflation because the average consumer buys
 
  A) less of those goods whose relative price has risen.
  B) more of those goods whose relative price has risen.
  C) lower quality goods if they have a choice.
  D) the same basket of goods every week.
  E) a generally random assortment of goods and services each week because what is purchased depends on what the consumer needs.

Question 2

State and local governments spend about ________ of their expenditures on education.
 
  A) 14 percent B) 74 percent C) 59 percent D) 34 percent E) 19 percent

[Jsherida]

Answer to Question 1

A

Answer to Question 2

D

[tuffie]

Thank you

[Jsherida]

No problemo