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)
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Author:N. Gregory Mankiw
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Chapter16: Measuring The Cost Of Living
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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
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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