I’ve concluded that the CPI for 2016 is obsolete because it uses the prices of goods, services, and housing costs from 1982 to 1984 as its reference value.

Does It Make Sense? For Exercises, determine whether the statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain clearly; not all of these have definitive answers, so your explanation is more important than your chosen answer.