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Answer to Question #72220 in Macroeconomics for Pristine
Question #72220
If social welfare payment to the elderly is adjusted according to the increase in the CPI, explain whether the elderly would be better or worse off based on the CPI?
Expert's answer
If social welfare payment to the elderly is adjusted according to the increase in the CPI, then the elderly wouldn't be better or worse off based on the CPI, because the real payment they would receive is the same as before.
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