Question

Between 2014 and 2015, the CSPI increased by. Between 2015 and 2016, the CSPI increased by.

Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
1.) A new mobile device for personal computing became available for purchase.
2.) As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.
3.) Energy drinks became increasingly popular on college campuses between 2014 and 2016 due to significant improvements in flavor, but this quality change is hard to measure.
4.) Professors required each student to buy 10 notebooks, regardless of the price

Answer 1

Answer:1.) A new mobile device for personal computing became available for purchase.

2.) As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.