Which of the following statements best represents economists' beliefs about the bias in the CPI as a measure of the cost of living?
A)Economists agree that the bias in the CPI is a very serious problem.
B)Economists agree that the bias in the CPI is not a serious problem.
C)Economists agree on the severity of the CPI bias,but there is still debate on what to do about it.
D)There is still debate among economists on the severity of the CPI bias and what to do about it.

Question

Quizplus · Accepted Answer

While there is some agreement among economists that there is bias in the CPI as a measure of the cost of living, there is still debate on the severity of this bias and what, if anything, should be done about it. Therefore, choice D is the most accurate statement.

Which of the Following Statements Best Represents Economists' Beliefs About