- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 11. Understanding Business Cycles
- Subject 7. Inflation
CFA Practice Question
The main sources of bias in the CPI include all of the following EXCEPT FOR ______.
B. price changes
C. quality changes
D. new goods
A. commodity substitution
B. price changes
C. quality changes
D. new goods
Correct Answer: B
User Contributed Comments 3
| User | Comment |
|---|---|
| jejasin | Is this saying that the CPI ONLY accounts for price changes and nothing else? |
| schweitzdm | It's saying that the CPI is biased in commodity substitution, quality changes, and new goods. |
| marblewan | this is so confusing |