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

A. Price indexes produce an average of prices that economists can compare to earlier averages.
B. Price indexes assist consumers and businesses in making economic decisions.
C. Price indexes define the cost of goods in the entire economy at a given point in time.
D. Price indexes assist the government in making policy decisions.

Sagot :

GinnyAnsweridn

Final answer:

Price indexes provide averages for comparison, aid in economic decision-making, and define costs of goods in the economy.


Explanation:

Price indexes are tools that provide an average of prices for comparison. They assist in making economic decisions for consumers, businesses, and governments. Price indexes help to determine the cost of goods in the economy at a specific time point.


Learn more about Price indexes here:

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