A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2017 · Q211 Mark
Relative weights are used in calculating the index of retail prices to reflect the different
Aamounts of money spent by consumers on each good.
Blevels of prices for each good.
Cnumbers of people buying each good.
Drates of change in price of each good over time.
✓ Correct answer
A: amounts of money spent by consumers on each good.
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