Suppose medical care makes up 5 percent of the CPI index, and that prices rise in...
Suppose medical care makes up 5 percent of the CPI index, and that prices rise in the medical care area faster than in the rest of the economy. An elderly couple spends 15 percent of their income on medical care. For this couple, the CPI
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understates the inflation rate because the CPI always understates inflation. |
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is a good measure of inflation since the bias inherent in the CPI is offset by the increased emphasis on health care for this family. |
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overstates the inflation rate because this family is not typical of the country as a whole. |
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understates the inflation rate because of the importance of medical care for this family. |
Homework Answers
The answer is Understates the inflation rate because of the importance of medical care for this family
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Suppose medical care makes up 5 percent of the CPI index, and
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I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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