# 为什么会upward呢

NO.PZ2017100901000025

A product is part of a price index based on a fixed consumption basket. If, over time, the product’s quality improves while its price stays constant, the measured inflation rate is most likely:

A.

unaffected.

B.

biased upward.

C.

biased downward.

B is correct.

As the quality of a product improves, it satisfies peoples needs and wants better. The measured inflation rate is skewed higher than otherwise unless an adjustment is made for the increase in the quality of the good. Even if the goods price had increased over time, the improvements in quality would still bias the measured inflation rate upward.

###### 1 个答案

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