In an attempt to separate the quality changes from price changes of a product over time, the BLS does a:
A. hedonic quality adjustment by estimating what the price of the item would be without the improved features.
B. qualitative market adjustment by estimating the price of the items in all markets.
C. qualitative price change by estimating the price of all possible brands of the items.
D. hedonic quality adjustment by estimating the price of similar goods.
Answer: A
You might also like to view...
Define the term "import."
What will be an ideal response?
A net exports deficit or surplus equals
A) taxes minus savings plus public and private investment. B) the government sector balance plus the private sector balance. C) net lending by both the private and public sector plus savings minus investment. D) net worth plus the government sector balance minus the private sector balance.
Interest provides an incentive for households to defer current consumption
a. True b. False
If M = 6,000 . P = 3, and Y = 3,000 . what is velocity?
a. 6 b. 1.5 c. 0.67 d. 0.167