The Consumer Price Index CP Multiple Choice understates the

The Consumer Price Index (CP Multiple Choice understates the impact of price changes is calculated using a basket of goods and services edjusted annualy by govermment statisticians answers the question,\"How much more does it cost today to buy the same basket of goods and services that were purchased et some fixed time in the pestt does not suffler from substitution biss becouse the basket used to measure prices changes every year

Solution

Answer is answer the question \' how much more does it cost today to buy the same basket of goods and services that were purchased at some fixed time in the past.\'

Explanation:

Consumer price index suggests that the average price level of the goods and service as increased in each respective year compared to the prices of such goods and services of the base year.