Fixed-weight price indexes are less reliable when there have been changes in

Name: Fixed-weight price indexes are less reliable when there have been changes in
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Fixed-weight price indexes rely on a fixed set of goods and services to calculate inflation over time. If there are changes in relative prices, meaning the prices of different goods and services change at different rates, the fixed-weight index may not accurately reflect overall inflation. This makes option A the most suitable answer.

Fixed-Weight Price Indexes Are Less Reliable When There Have Been