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Economists have reexamined questions of measurement technique. Some argue that econometric approaches address shortcomings of the dominant index number techniques, others maintain that productivity statistics under report damage to the environment. This text proposes new approaches to such issues.
Addresses the many questions involved in conceptualizing and measuring inflation. This book evaluates the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
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