One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the CPI
A)fails to measure all changes in the quality of goods.
B)displays a housing bias.
C)accounts for changes in prices of some goods,but prices of certain goods are assumed to remain constant.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The CPI does not fully account for changes in the quality of goods, which can lead to inaccuracies in measuring the true cost of living.

One of the Widely Acknowledged Problems with Using the Consumer