If the Bureau of Labor Statistics changed the way it calculates the consumer price index (CPI) so as to take into account product quality changes and the changing mix of products and services purchased by the average family, the result would most likely

A. show a higher rate of inflation.
B. cause an increase in Social Security payments.
C. cause higher wage increases for union employees with contracts that specify automatic wage boosts when the CPI rises.
D. show a lower rate of inflation.


Answer: D

Economics

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Economics

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Economics

The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country AExports ($Billions)Imports ($Billions)Automobiles2040Pharmaceuticals3030Clothing400Country BExports ($Billions)Imports ($Billions)Automobiles020Pharmaceuticals4040Clothing4535 The weighted average of the intra-industry trade (IIT) shares in Country A's trade in automobiles, pharmaceuticals, and clothing is

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Economics