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How well does the consumer price index (CPI) reflect the changes that people actually face in living costs—from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation''s diverse population?

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How well does the consumer price index (CPI) reflect the changes that people actually face in living costs—from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation''s diverse population?

At What ...
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  • Formats: epub
  • ISBN: 9780309170796
  • Publication Date: 25 Feb 2002
  • Publisher: National Academies Press
  • Product language: English
  • Drm Setting: DRM