Author Question: The base period should be recent so that a price index is not severely affected by change in ... (Read 103 times)

justinmsk

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The base period should be recent so that a price index is not severely affected by change in technology, and consumer attitudes and habits.
 
  Indicate whether the statement is true or false

Question 2

For a price index, it is preferable to select the base period in a period of economic stability.
 
  Indicate whether the statement is true or false



ambernicolefink

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Answer to Question 1

TRUE

Answer to Question 2

TRUE



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