Question

If an economist is considering swiftly increasing technological changes in an economy, which of the following is MOST likely to contribute to the CPI problem of accurately measuring of the cost of living changes? Group of answer choices

O new goods blas
O substtution blas
O Income blas

Answer 1

O new goods blas

Step-by-step explanation:

new products are not included in the index at first, leading the Price to decrease often associated with new technological changes in production does not reflect in the index.