When preparing a price index based on multiple products, if the price of each product is weighted by the quantity of the product purchased in a given period of time, the resulting index is called a ________ price index.
A) Paasche
B) weighted aggregate
C) Laspeyres
D) cyclical (seasonal)

Question

Quizplus · Accepted Answer

When preparing a price index based on multiple products, if the price of each product is weighted by the quantity of the product purchased in a given period of time, the resulting index is called a weighted aggregate price index.

When Preparing a Price Index Based on Multiple Products, If