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Author Question: What are some criticisms of the CPI as a measure of inflation?[br][br][b][color=#A83E49]Question ... (Read 43 times)

bobypop

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on: Jun 30, 2018
What are some criticisms of the CPI as a measure of inflation?

Question 2

When the tax rate is constant when a person's income rises, the tax is a:
 a. regressive tax.
  b. poll tax.
  c. progressive tax.
  d. constant tax.
  e. proportional tax.


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moormoney

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The CPI is criticized as a measure of inflation because it may not be representative of all consumers, it can incorrectly adjust for quality changes, and it can ignore the relationship between price changes and the importance of items in the market basket.

Answer to Question 2

e


bobypop

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Reply #2 on: Jun 30, 2018
Thank you


moormoney

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Reply #3 on: Jun 30, 2018
No problemo


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