Which of the following statements concerning price indexes is not accurate?

1) Price indexes produce an average of prices that economists can compare to earlier averages.

2) Price indexes assist the government in making policy decisions.

3) Price indexes define the cost of goods in the entire economy at a given point in time.

4) Price indexes assist consumers and businesses in making economic decisions.

Question

03-06-2024
Social Studies

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Which of the following statements concerning price indexes is not accurate?

1) Price indexes produce an average of prices that economists can compare to earlier averages.

2) Price indexes assist the government in making policy decisions.

3) Price indexes define the cost of goods in the entire economy at a given point in time.

4) Price indexes assist consumers and businesses in making economic decisions.

Sagot :

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