Term:
Representativity indicators
Definition:
Indicators, given by each country, marking those items that have been selected as representative items. Countries are expected to price their representative products and a selection of unrepresentative products - that is, products representative of other countries. When reporting prices, countries are required to identify which of the products they have priced are representative. They do this by assigning representativity indicators.
Domain:
Economics & National Accounts
Source:
OECD