A weighted aggregate price index where the weight for each item is computed by using the quantities of the year of interest is known as the
A)Paasche Index
B)Simple Index
C)Laspeyres Index
D)Consumer Price index
E)Producer Price index

Question

Quizplus · Accepted Answer

The Paasche Index uses the quantities of the current period as weights, making it distinct in its approach to calculating a weighted aggregate price index.

A Weighted Aggregate Price Index Where the Weight for Each