Which of the following is the correct interpretation of a Laspeyres price index of 135, where the base year is 2007 and the current year is 2010? $\begin{array}{|l|l|}
\hline A&\text { According to the Laspeyres price index, prices have risen by $ 35 \% $ from 2007 to 2010 .}\
\hline B&\text {According to the Laspeyres price index, prices have risen by $ 135 \% $ from 2007 to 2010 . }\
\hline C&\text { According to the Laspeyres price index, prices have risen by $ 35 \% $ from 2010 to 2007 . }\
\hline D&\text {None of these choices are correct. }\
\hline
\end{array}$

Question

Which of the following is the correct interpretation of a Laspeyres price index of 135, where the base year is 2007 and the current year is 2010? $\begin{array}{|l|l|}
\hline A&\text { According to the Laspeyres price index, prices have risen by $ 35 \% $ from 2007 to 2010 .}\
\hline B&\text {According to the Laspeyres price index, prices have risen by $ 135 \% $ from 2007 to 2010 .  }\
\hline C&\text { According to the Laspeyres price index, prices have risen by $ 35 \% $ from 2010 to 2007 . }\
\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 Laspeyres price index of 135, where the base year is 2007 and the current year is 2010? $\begin{array}{|l|l|}
\hline A&\text { According to the Laspeyres price index, prices have risen by $ 35 \% $ from 2007 to 2010 .}\
\hline B&\text {According to the Laspeyres price index, prices have risen by $ 135 \% $ from 2007 to 2010 .  }\
\hline C&\text { According to the Laspeyres price index, prices have risen by $ 35 \% $ from 2010 to 2007 . }\
\hline D&\text {None of these choices are correct. }\
\hline 
\end{array}$

Which of the Following Is the Correct Interpretation of a Laspeyres