Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table. What is your interpretation of the Laspeyres price index?
A)Value rose 9.4%.
B)Value rose 79.1%.
C)Value rose 12.7%.
D)Value rose 12.0%.

Question

Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table.  What is your interpretation of the Laspeyres price index?
A)Value rose 9.4%. 
B)Value rose 79.1%. 
C)Value rose 12.7%. 
D)Value rose 12.0%.

Quizplus · Accepted Answer

The Answer of Data for selected fruits purchased at wholesale prices for 2005 and 2009 are shown in the following table.  What is your interpretation of the Laspeyres price index?
A)Value rose 9.4%. 
B)Value rose 79.1%. 
C)Value rose 12.7%. 
D)Value rose 12.0%.

Data for Selected Fruits Purchased at Wholesale Prices for 2005