How does the introduction of new innovations to the market (computers in the 1980s or cell phones in the 2000s, etc.) illustrate a shortcoming of the Consumer Price Index in gauging the cost of living?

Answers

Answer 1

Answer:

Initially, the new items used to measure the consumer price index may not included the newest innovations , so the index may ignore a significant way in which the cost of living may be improving

Explanation:

Answer 2

The introduction of innovative goods and services to the market are not factored into the calculation of the Consumer Price Index.  This non-inclusion illustrates that there is a shortcoming in relying on the index to gauge the current cost of living.

The Consumer Price Index (CPI) is the measure of the price inflation of goods and services.  The goods and services included are selected.  It is a weighted index of a basket of goods and services.

Some of the recent innovations like the cell phones and computers that have reduced the cost of living for consumers are not immediately included in the basket of goods and services.

Thus, the non-inclusion of these innovations widely used by consumers in the basket of goods and services prominently shows one of its major shortcomings.

Learn more about the Consumer Price Index at https://brainly.com/question/23146120


Related Questions


The__________
helps us understand how large-scale social dynamics shape each
individual's life.

microsociological perspective

psychological imagination
individualist perspective

sociological imagination

Answers

Answer:

The microsociological perspective helps us understand how large-scale social dynamics shape each  individual's life.

Explanation:

Microsociology is the part of sociology that deals with social action between individuals (social actors) in small social units (such as couple relationships or small groups) and fundamental “fine structures” in the interpersonal behavior. An example would be how social relationships develop from social action, how interactions in social relationships arise and persist from the tiniest hints of behavior in alternation between alter and ego, or how the consequences of social action constantly create new starting conditions for new social action.

Define the five themes of geography

Answers

Answer:

location, place, human environment interactio, movement and region

•Location: coordinations & relative distance.
•Human-environment interaction: altering the environment.
•Place: human and environmental differences.
•Region: Broad groupings
•Movement: Transmission of goods and services.

1. An ecosystem in which the biotic and abiotic features remain constant is in ______________.

2. The series of changes over time after a natural disaster is called ________________.


3. _____________________ is the removal of most of the trees in a forest ecosystem.


4. The process of removing mature trees but leaving younger ones is ___________________.


5. __________________ involves taking responsibility for protecting the environment.


6. Acid precipitation is caused by the chemicals nitrogen oxides and _____________________.


7. Non-native organisms that have a negative impact on ecosystems are __________________.


8. ___________________ such as the Hilliardton Marsh are important aquatic ecosystems.


9. The process of breaking up large ecosystems into smaller parts is ____________________.


10. _________________ species like the barn owl are at risk of becoming extinct.

Answers

Ghjjjbbvvcccfddcghji

The dark age started after the end of the ____ civilization.

Answers

Answer:

the roman empire

Explanation:

The Interest Rate is

A. payment for use of money.
B. a general increase in the level of prices resulting from a decline in the value of money.
C. a general decrease in the value of money due to government regulations.
D. a big ol’ balloon payment to pay off the national debt

Answers

Answer:

A

Explanation:

A is the answer - you pay an interest rate to use money

the idea that people should be in charge of creating the government and that the government needs to listen to the needs of the people.

Answers

Answer:

decided to create a limited government based on ideas of natural rights, popular ... become too powerful and was not listening to the needs and desires of the colonists, ... When control of the government shifts from one party to another, it shows that the will of ... But how do the people get the government to listen to their will?

The renassainse was a direct result of

Answers

Answer: The renaissance was a direct result of era Renewed interest in the Classical Greek and Roman manuscripts changed relationship between religious and secular institutions. How? Greater separation developed between religious and secular institutions.

Explanation: Hoped that help please mark me brainlest

Cite situation where quantitative research helps solve problems in the different fields (HUMSS, ABM, STEM AND TVL)

Answers

Answer:

HUMSS: Quantitative research would be important to determine how many people in a region are living on wages below the minimum wage.

ABM: Quantitative research can determine the profitable potential of a new business in the city.

STEM: Quantitative research can determine how many students in a high school have low grades in STEM-related materials.

TVL: Quantitative research allows determining the resolution quality of the TV lines.

Explanation:

Qualitative research is one that has the function of quantifying certain elements, transforming them into units of measurement, which allows the researcher to recognize the dimension of that element and can, from that, generate a conclusion that will promote improvements in the system in which this element is established, either by suppressing the element or by stimulating it.

youth smoking seems to be more _____ than adult smoking

Answers

what are the options to the question

Youth smoking seems to be more __________ than adult smoking—that is, the quantity of youth smoking will fall by a greater percentage than the quantity of adult smoking in response to a given percentage increase in price.
elastic

Which of the following is NOT an aim of social science? a. understanding social regularities b. judging social values c. all of the above are aims of social science d. predicting social phenomena e. explaining social regularities

Answers

Answer:c believe me cus they all are talking bout social science

Social science does not seek to judge social values.

So, option b. is correct.

Define social science.

The study of societies and the relationships between individuals within those societies is the focus of social science. Previously, the term was used to refer to sociology, the original "science of society," which was founded in the nineteenth century.

Social science does not seek to judge social values.

So, option b. is correct.

Find out more information about social science here:

https://brainly.com/question/26164373?referrer=searchResults

The best definition of renowned is:
a.
famous
c.
attractive
b.
sick
d.
difficult

Answers

Answer:

The answer is A.

Explanation:

Answer:

it is. letter a. famous

Who was the first man to sign the Declaration of Independence?

Answers

I believe John Hancock
John Hancock. just googled it

development of alternative energy sources in the United states and Canada will most likely help to-

A.produce low wage service jobs

B.support large urban populations

C.create more trade opportunities

D.address increasing demands for water​

Answers

I think it’s b support large urban populations

Where would you generally find the fastest winds?
O over the ocean
O high up in the atmosphere
O near Earth's surface
Need help? Dah

Answers

Answer:

For nearly sixty-two years, Mount Washington, New Hampshire held the world record for the fastest wind gust ever recorded on the surface of the Earth: 231 miles per hour, recorded April 12, 1934 by Mount Washington Observatory staff.

hope it helps

Explanation:

The English created a system of ________ when they first colonized North America.

Answers

Answer:

colonization

Explanation:

Answer:

mercantilism

Explanation:

Which is the best description of the light paths necessary to see an object?

Answers

The best description of a light path being necessary to see an object is that it must travel in one path of the eye and another path for the eye on the object. The light goes from the object to light sources to your eyes.

Hope this helps.

How did the settlement flourish or fail

Answers

Answer:

A settlement would either flourish or fail in two ways

A- A loss of life due to low amounts of food and very low welfare

B- Fails to be somewhat independent of it's importers

Explanation:

Which statement best completes the diagram?

Answers

Answer

b

Explanation:ess esa

I would say C

The invention of TV allows for information to be spread all across the world more efficiently. This way, people have an easy and effective way of learning about the art and culture of different places around the world.

White Americans are portrayed by the media as:
A. having lived in the country longer than any other group.
B. needing the assistance of others in order to be successful.
C. being the group all others want to be or look like.
D. All of the above



It’s c

Answers

i’m kind of thinking c or a..

What is the function of potassium (apple)?

Answers

Potassium is particularly important in ensuring sufficient acidity in apples and for providing the characteristic taste to more acidic cultivars such as Cox.

help plzzz dhbshxbdhdjfn number 10 wich is the picture ik ots already answered but stilll

Answers

I think you had the right answer, so A.

It’s what I think, I’m really sorry if it’s wrong.

The Jewish belief in a single god was significant because:

A. It encourage different cultures to worship many gods.
B. It required the Jewish people to accept all beliefs.
C. It helped the Jewish people defeat powerful empires.
D. It became important to the world's largest religions.

Answers

Answer:

I think it is d.

Explanation:

the Jews believe in one god and so other cultures took that up

Answer:

D. It became important to the world's largest religions.

Explanation:

select all that apply The collection of data includes using what two types of sources? magazines, primary, news, or secondary.​

Answers

Answer: Primary and Secondary sources!
Primary and Secondary Sources :)

why do you want to wear sherpa dress. plzzz answer fast​

Answers

It is one of the most important festivals for Tibetan Buddhists and at this day people try to visit one of the sacred sites. They usually dress up for the occasion and dressing up in this case means wearing traditional costume. Some like classic variant, while others prefer more modern versions. That is why you would want to wear the dress on the festival.

Why do we take notes? What does useful note-taking look like?

Answers

Answer:

Useful note taking is really good to look it over during test and to study.

Explanation:

Good note taking should neat so you can read, for example if your stuck on something during a quiz you can see how to do it. It wont exactly give you an answer

Which of the following describes a difference between the Constitution and the Articles of Confederation?

A.
The Constitution increased the power of the states.

B.
The Constitution made the amendment process more difficult.

C.
The Constitution gave the Federal Government power to collect taxes.

D.
The Constitution requires a unanimous vote of all 13 states to be amended.

Answers

Answer:

I hope this helps

Explanation:

The answer is A

____1. it refres to a group sharing a common culture within a defined territorial boundaries​

Answers

Answer:

Society.

Explanation:

A society refers to a group sharing a common culture within a defined territorial boundary.

An example of a society could be the American people. The common culture being American culture, and the defined territorial boundaries being the borders of the country of the United States.

Why did the US Constitution replace the Articles of Confederation?

Answers

The Articles of Confederation was replaced because the national government had no power over taxes. They could only request money from the states, who didn’t want to give money to the government

If quantity demanded changes significantly when price changes how is demand described?
a. Elsastic
b. Inelastic
C. Perfectly elastic
d. Unit elastic

Answers

Answer:

The answer is b Inelastic

The amount that a good is sold for is its
O elasticity.
O Price
O profit
O supply​

Answers

Ehhhh I think it’s profit

Answer:

Its Price.

Explanation:

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