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What are the laspeyers and paasche index

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Reference no: EM131750355

1. What are the Laspeyers and Paasche Index and explain why each of the indices does not reflect accurately the impact of price increases?

2. How is the CPI calculated based on BLS? what are the 3 weaknesses of CPI methodology.

3. What is the core CPI and why is it important?

Reference no: EM131750355

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