For an Index Number of an Average Quantity or Price

question 57

Multiple Choice

For an index number of an average quantity or price, the weights used must add up to 1 for

• A)neither a proportional- weights index nor an unweighted index.
• B)price indexes only.
• C)a proportional- weights index but not an unweighted index.
• D)an unweighted index but not a proportional- weights index.
• E)both a proportional- weights index and an unweighted index.

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Definitions:

Cognition

An understanding or knowledge of the structure of the psychological environment.

Place Cells

Neurons in the hippocampus that become active when an animal is in a specific location in its environment, playing a crucial role in spatial memory.

Grid Cells

Neurons found in the brains of many animals that enable them to understand their position in space.

Associative-Link Expectancy

A representation containing knowledge of the association of two events that occur together.