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 23 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?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

One page of color vision chart. One page of color vision chart.
How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3) How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3)
How to plot a cosine function containing an amplitude and phase-shift (Question 1 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 1 of 2)
How to choose the right payment plan with changing conditions (Question 5) How to choose the right payment plan with changing conditions (Question 5)
Find derivative by using definition of the derivative question 2 Find derivative by using definition of the derivative question 2
Question about Resultant of gravitational force? Question about Resultant of gravitational force?
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library