Weighted index
What Weighted index means in Economics A-Level, as defined for AQA.
Definition of Weighted index
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Reference: AQA
Calculated by multiplying each item's price index by its respective weight, summing these products, and dividing by the sum of the weights.
Topics that use Weighted index
- Uses of index numbers (AQA A-Level)
Related terms
Using Weighted index in the exam
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