The weights assigned to the components in the Retail Price Index are based on _____.
A) the importance of the component in the average household's consumption
B) the retail prices of the goods
C) past trends in the prices of the goods
D) the total number of components that are used to compute the index
Correct Answer:
Verified
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A)
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Q51: Suppose that the Retail Price Index is
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A) is
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