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The CPI is a Laspeyres (base weighted) index. A well-known problem with this type of index is that Select one: a. it is expensive to

The CPI is a Laspeyres (base weighted) index. A well-known problem with this type of index is that

Select one:

a.

it is expensive to compile.

b.

the weights must be revised every year.

c.

it tends to over-state inflation.

d.

the index numbers are difficult to interpret.

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