Author Question: Consumer Price Index is a. a weighted aggregate price index where the weight for each item is its ... (Read 292 times)

Zulu123 · **on:** Jun 24, 2018

Consumer Price Index is
a. a weighted aggregate price index where the weight for each item is its current-period quantity.
b. a weighted aggregate price index where the weight for each item is its last-period quantity.
c. an index that is designed to measure changes in quantities over time.
d. an index that is designed to measure changes in production levels over time.

Question 2

A method of assigning probabilities based upon judgment is referred to as the _____.
a. relative frequency method
b. probability method
c. classical method
d. None of the answers is correct.