Question 16.29

16.29 The CPI doesn’t fit me. The CPI may not measure your personal experience with changing prices. Explain why the CPI will not fit each of these people:

  1. (a) Marcia lives on a cattle ranch in Montana.

  2. (b) Jim heats his home with a wood stove and does not have air-conditioning.

  3. (c) Luis and Maria were in a serious auto accident and spent much of last year in a rehabilitation center.