Which of the following is the correct interpretation of a Paasche price index of 75, where the base year is 2009 and the current year is 2011? $\begin{array}{|l|l|}
\hline A&\text {According to the Paasche price index, prices have decreased by $ 75 \% $ from 2009 to 2011 . }\
\hline B&\text {According to the Paasche price index, prices have decreased by $ 25 \% $ from 2011 to 2009 . }\
\hline C&\text { According to the Paasche price index, prices have decreased by $ 25 \% $ from 2009 to 2011 }\
\hline D&\text {. None of these choices are correct. }\
\hline
\end{array}$

Question

Which of the following is the correct interpretation of a Paasche price index of 75, where the base year is 2009 and the current year is 2011? $\begin{array}{|l|l|}
\hline A&\text {According to the Paasche price index, prices have decreased by $ 75 \% $ from 2009 to 2011 . }\
\hline B&\text {According to the Paasche price index, prices have decreased by $ 25 \% $ from 2011 to 2009 .  }\
\hline C&\text { According to the Paasche price index, prices have decreased by $ 25 \% $ from 2009 to 2011 }\
\hline D&\text {. None of these choices are correct. }\
\hline 
\end{array}$

Quizplus · Accepted Answer

The Answer of Which of the following is the correct interpretation of a Paasche price index of 75, where the base year is 2009 and the current year is 2011? $\begin{array}{|l|l|}
\hline A&\text {According to the Paasche price index, prices have decreased by $ 75 \% $ from 2009 to 2011 . }\
\hline B&\text {According to the Paasche price index, prices have decreased by $ 25 \% $ from 2011 to 2009 .  }\
\hline C&\text { According to the Paasche price index, prices have decreased by $ 25 \% $ from 2009 to 2011 }\
\hline D&\text {. None of these choices are correct. }\
\hline 
\end{array}$

Which of the Following Is the Correct Interpretation of a Paasche