Describe the three problems that make the CPI animperfect measure of the cost of living.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Measuring The Cost Of Living
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Describe the three problems that make the CPI an
imperfect measure of the cost of living.

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