If the basket of goods used to calculate the cpi is changed


If the basket of goods used to calculate the CPI is changed to reflect substitution to lower priced goods by consumers, it would result in:

A) Higher growth rates for NGDP.

B) Either higher or lower calculated inflation rates, depending on how different prices change relative to each other.

C) A lower calculated inflation rate.

D) A higher price level in the base year.

E) Higher payments for people with benefits indexed to the CPI.

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Business Economics: If the basket of goods used to calculate the cpi is changed
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