Government data that computes averages

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Q1. In the Undercover Economist, Harford discusses Greenbelts. What is a Greenbelt and how does it affect demand and/or supply? What are other examples of "greenbelts"?

Q2. Government data that computes averages, such as the consumer price index, are applicable to everyone. For example, the inflation rate since this time last year is reported to be 1.7%. Therefore, elderly individuals who complain about the increasing cost of their medications have no real complaint. Discuss.

Reference no: EM138256

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