Question
watch: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/inflation-basics-tutorial/v/cpi-index In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price
watch:
https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/inflation-basics-tutorial/v/cpi-index
In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model.
- How did the introduction of the iPhone 4S affect the Consumer Price Index?
- What factors in the calculation of the CPI caused this effect?
- Today, Apple has a number of iPhones on the market with a variety of price points. How does this affect the Consumer Price Index?
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Inflation, Unemployment And Capital Malformations
Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini
1st Edition
0429767064, 9780429767067
