Question
section C: Over the last 10 yrs. the Bureau of Labor Statistics have noted considerable attention to a subtle problem that measure how the total
section C: Over the last 10 yrs. the Bureau of Labor Statistics have noted considerable attention to a subtle problem that measure how the total costs of buying a fixed basket of goods has evolved over time. Identify and describe this "subtle problem". Provide two reasons why these issues are important to economic growth in 2022 and rill be in 2023 as well.
Refer to section (c) above, explain if the problem is over or under representing the purchases of the average consumer. Would you say the problem is closely related to household savings and investments or the broader U.S. economy; or is it a blend of both (i.e. (1) household savings and investments (2) the broader U.S. economy. Include one macroeconomic reason to support your response.
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