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True or false? 1.) when the quality of a product in the market basket falls, the cpi will understate the cost of living. 2.) the gdp deflator is based on gdp statistics rather t…

True or false? 1.) when the quality of a product in the market basket falls, the cpi will understate the cost of living. 2.) the gdp deflator is based on gdp statistics rather t…
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true or false? 1.) when the quality of a product in the market basket falls, the cpi will understate the cost of living. 2.) the gdp deflator is based on gdp statistics rather than a survey

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User Phoebe Li
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3 votes
True
I believe that is the answer
answered
User Nesan Rajendran
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8.2k points
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