Question

A 2009 Chevrolet model has more horsepower than the 2008 version and is included in the BLS basket of goods. BLS attempts to account for this change in the market basket by:______

a. Substituting in a different vehicle with the same horsepower as the 2008 model.
b. Dropping the good from the basket.
c. Adjusting the share of the market basket allocated to transportation.
d. Adjusting the price of the good to account for the quality change.

Answer 1

The answer is "Option d".

Step-by-step explanation:

It's Chevy Silverado 2009 transitions it into a new six-speed automatic motor, a larger V8 device, an economical XFE as well as an electric gasoline vehicle until it updated for 2007, its Silverado became enhanced with brand awards. Its 2008 versions provided extra features and refinement wherein the price of the goods was also adjusted to reflect the continual improvement.