Post Utme Veritas University 2025 Economics Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 5 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A country's inflation rate is typically measured by its Consumer Price Index (CPI). What is one of the main limitations of CPI as a measure of inflation?

Answer Options

Correct Answer A. CPI does not account for changes in the quality of goods and services.
B. CPI does not account for changes in the prices of services.
C. CPI does not account for changes in the prices of goods.
D. CPI does not account for changes in the prices of both goods and services.
Correct Answer
A
Correct Option:
CPI does not account for changes in the quality of goods and services.

About This Question

This is Post Utme Veritas University 2025 Economics Question 5. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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