Why should CPI weights be updated? (Select all that apply.) O a. Better reflect current household expenditure patterns b. Facilitate introduction of new goods c. Rotate households from the household budget survey d. Facilitate introduction of new outlets e. Implement improved index compilation methods
Why should CPI weights be updated? (Select all that apply.) O a. Better reflect current household expenditure patterns b. Facilitate introduction of new goods c. Rotate households from the household budget survey d. Facilitate introduction of new outlets e. Implement improved index compilation methods
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Measuring The Cost Of Living
Section: Chapter Questions
Problem 3CQQ
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Transcribed Image Text:Why should CPI weights be updated? (Select all that apply.)
O a. Better reflect current household expenditure patterns
b. Facilitate introduction of new goods
c. Rotate households from the household budget survey
d. Facilitate introduction of new outlets
e. Implement improved index compilation methods
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