Data for selected vegetables purchased at wholesale prices for 1995 and 2007 are shown in the following table. What is your interpretation of the Laspeyres price index?
A)Prices rose 98.4%.
B)Prices declined 1.6%.
C)Prices rose 7.0%.
D)Prices rose 8.0%.

Question

Data for selected vegetables purchased at wholesale prices for 1995 and 2007 are shown in the following table.  What is your interpretation of the Laspeyres price index?
A)Prices rose 98.4%. 
B)Prices declined 1.6%. 
C)Prices rose 7.0%. 
D)Prices rose 8.0%.

Quizplus · Accepted Answer

The Answer of Data for selected vegetables purchased at wholesale prices for 1995 and 2007 are shown in the following table.  What is your interpretation of the Laspeyres price index?
A)Prices rose 98.4%. 
B)Prices declined 1.6%. 
C)Prices rose 7.0%. 
D)Prices rose 8.0%.

Data for Selected Vegetables Purchased at Wholesale Prices for 1995