경제원론 문제풀이맨큐 24장

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복습문제2문제
응용문제2문제
영문풀이입니다.

목차

2. Describe the three problems that make the consumer price index an imperfect measure of the cost living.

4. Over a long period of time, the price of candy bar rose from $0.10 to $0.60. Over the same period, the consumer price index rose from 150 to 300. Adjusted for overall inflation, how much did the price of the candy bar change?

2. Suppose that people consume only three goods, as shown in this table:

6. Which of the problems in the construction of the CPI might be illustrated by each the following situation? Explain.

본문내용

CHAPTER 24 - QUESTION FOR REVIEW
경제학원론Ⅱ
2. Describe the three problems that make the consumer price index an imperfect measure of the cost living.
Unmeasured quality change It is distorted by unmeasured changes in the quality of goods and services.
Introduction of new goods It does not take into account increases in the purchasing power of the dollar due to the introduction of new goods.
Substitution It does not take into account consumers’ ability to substitute toward goods that become relatively cheaper over time.
The second
The first
The third
4. Over a long period of time, the price of candy bar rose from $0.10 to $0.60. Over the same



6. Which of the problems in the construction of the CPI might be illustrated by each the following situation? Explain.
the invention of the iPod
Introduction of new goods
Unmeasured quality change
the introduction of air bags in cars
Substitution
increased personal computer purchases in response to a decline in their price
Unmeasured quality change
more scoops of raisins in each package of Raisin Bran
greater use of fuel-efficient cars after gasoline prices increase
Substitution

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