Because the ____________ index employs the base period quantities in all succeeding periods,it allows for ready comparisons for identical quantities of goods purchased between the base period and all succeeding periods.
A)simple
B)aggregate
C)Laspeyres
D)Paasche
E)quantity

Question

Quizplus · Accepted Answer

The Laspeyres index uses the base period quantities and current period prices to compare the value of goods purchased in the base period with those purchased in current periods. This index is commonly used for measuring inflation and makes it easy to compare quantities of goods purchased between the base period and all succeeding periods, making it the best choice in this scenario.

Because the ____________ Index Employs the Base Period Quantities in All