Describe elderly individuals who complain about the, Ask an Expert

Economics

This a discussion question for macro. I am having a difficult time understanding how to reply to it:

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.

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Business Economics, Economics

Category:- Business Economics
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