This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are some criticisms of the CPI as a measure of inflation?[br][br][b][color=#A83E49]Question ... (Read 20 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

moormoney

  • Sr. Member
  • ****
  • Posts: 326
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

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 30, 2018
Thank you


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Color-enhanced magnetic resonance image (MRI) showing a sagittal view of the head. Color-enhanced magnetic resonance image (MRI) showing a sagittal view of the head.
Question Question
Operations Management question Operations Management question
Economics question Economics question
Business question Business question
Youtube Question Youtube Question
Video: How to make cDNA Animation

For a complete list of videos, visit our video library