Take a Test - aysha almalki - Google Chrome mathxl.com/Student/PlayerTest.aspx?testld=227943549¢erwin=yes ECON 102/3 Second 20/21 aysha almalki Test: ECON 102 / Test 1 Time Remaini This Question: 3 pts 12 of 41 (6 complete) The table shows three years of CPI data. CPI Why might these CPI numbers be biased? June 2001 178.0 How can alternative price indexes avoid this bias? June 2002 179.9 June 2003 183 7 Which alternative index might be least biased and why? The bias in these CPI numbers might arise from A. new goods bias and quality change bias only O B. new goods bias, quality change bias, commodity substitution bias, and outlet substitution bias O C. new goods bias only D. commodity substitution bias and olelet substitution bias only Alternative price indexes can avoid the bias by A. including new housing and housing built in prior years O B. using a smaller basket of goods and services O C. using current and previous period quantities D. including intermediate goods and used goods Click to select your answer. Type here to search B. W P XAP 9