A Chain-Weighted Price Index Is Different from the Consumer Price

question 83

Multiple Choice

A chain-weighted price index is different from the consumer price index because:

• A) the market basket is not fixed but reflects the current mix of items purchased.
• B) the new product bias is reduced.
• C) a wider range of products is included beyond only consumer purchases.
• D) chain-weighted indices follow the actual purchases of a select group of consumers over time.

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Definitions:

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