Term:
Hybrid values or expenditures
Definition:
Hypothetical values, or expenditures, in which the quantities are valued at a different set of prices from those at which they were actually bought or sold: for example, when the quantities purchased in an earlier period, such as b, are valued at the prices prevailing in a later period, such as 0.
Domain:
Economics & National Accounts
Source:
Consumer price index manual, 2004