Which of the following is TRUE about the CPI?
A. It is scaled by real GDP
B. It is designed to reflect the "true cost of living".
C. Its value is time invariant.
D. None of the above
Answer: B
Which of the following is TRUE about the CPI?
A. It is scaled by real GDP
B. It is designed to reflect the "true cost of living".
C. Its value is time invariant.
D. None of the above
Answer: B