Please answer the following questions in a word document. Submit the completed exam by
uploading the word document via the turnitin.com link that is located in the Assessment Tab. It is expected that the responses are thorough and thoughtful. Examples should be intertwined as
appropriate.
- Which has a greater effect on the consumer price index: a 10% increase in Chicken or a 10%
increase in Caviar. Please explain.
- Describe the problems that make the consumer price index an imperfect measure of the cost of living.
