A Variable-Weight Price Index

question 81

Multiple Choice

A variable-weight price index

• A)equals the value of current output at current prices divided by the value of current output at base-year prices.
• B)equals the value of a fixed basket at current prices divided by the value of a fixed basket at base-year prices.
• C)is used in the consumer price index.
• D)is misleading because it cannot distinguish between nominal and real measures.

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