Question: Please explain clearly and concisely AND DONT COPY THE OTHER POSTS. 1. E-readers and HDTVs have not been part of the U.S. economy for very

Please explain clearly and concisely AND DONT COPY THE OTHER POSTS.

1. E-readers and HDTVs have not been part of the U.S. economy for very long. Both goods have been decreasing in price and improving in quality. What problems does this pose for people who are responsible for calculating a price index?

2.One form of the CPI that has been advocated by lobbying groups is a CPI for the elderly. The Bureau of Labor Statistics currently produces only indexes for all urban households and urban wage earners and clerical workers. Should the BLS produce such an index for the elderly?

3.The health expenditure component of the GDP price index has been rising steadily. How might this index be biased by quality and substitution effects? Are there any substitutes for health care?

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