Albanda is an agrarian economy located in south asia. shen chou and her friend wang tao are discussing the efficacy of the consumer price index. shen, who works with a nonprofit organization, says that the consumer price index does not reflect the realities of consumption patterns of the average consumer. wang, a policy planner, says that it must be accurate because it was updated only a year ago. which of the following, if true, would weaken wang's argument?
a) a major objective of the cpi revision in the previous year was to reduce the extent of the bias in the index.
b) the cpi in albanda is calculated based on consumption and spending patterns of urban consumers.
c) albanda is heavily dependent on imports of food grains because it has a low proportion of arable land.
d) even though comparable goods were less expensive in albanda than in a neighboring country, the cpi increased more in albanda during the period.
e) housing prices in the economy fell during the year because of a decline in speculative buying of long-term assets.