A major drawback of the aggregate price index is that
A) it does not take into account the fact that some items in the market basket are purchased more frequently than others.
B) it is difficult to compute.
C) it is computed by using the values from a single time series or based on a single product.
D) percentage comparisons cannot be made to the base year.

Question

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A major drawback of the aggregate price index is that it does not take into account the fact that some items in the market basket are purchased more frequently than others.

A Major Drawback of the Aggregate Price Index Is That