I. True or False. Determine if the following statements is true or false and explain why. (3 points*2=6 points)

1. CPI tends to over-estimate the real inflation rate because it assumes that consumers must buy the past (base year) basket at the current price in order to maintain a constant living standard. The GDP deflator tends to under-estimate real inflation rate because it assumes that consumers must buy the current (base year) basket at past prices in order to maintain a constant living standard (Note: The output of the economy is assumed to equal to its consumption).

2. The abolition of the "996" working system (that is, workers work 12 hours a day and 6 days a week) by Internet enterprises must be beneficial to workers.