The Laspeyres price index:
A) regards the current year quantities as fixed
B) regards the base year quantities as fixed
C) regards the base year prices as fixed
D) regards the current quality as fixed
Correct Answer:
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Q4: The ratio of a new price to
Q5: A simple aggregate quantity index is used
Q6: A simple aggregate price index:
A)ignores relative quantities
B)compares
Q7: This index measures the change from month
Q8: The Laspeyres and Paasche index are examples
Q10: A scaling factor is used to:
A)change a
Q11: The distinctive feature of the _ index
Q12: _was developed to measure changes in the
Q13: _ measure of living costs based on
Q14: Paasche index was developed by _economist Hermann
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