Price indices are used to remove distortionary effects of inflation and/or deflation and alsoalso for comparisons in

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Price indices are used to remove distortionary effects of inflation and/or deflation and alsoalso for comparisons in economic performance over time.

(a) Identify an index that you would use to measure changes in prices of inputs in Malawi’s agricultural sector. [1 mark]

(b) Give an outline of the basic steps that are undertaken in the construction and calculation of a price index.

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Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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Posted Date: Dec 30, 2022 12:47 AM

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