A composite price index based on the prices of a group of items is known as the
A) Group price relative.
B) Aggregate price index.
C) Laspeyres index.
D) Paasche index.

Question

Quizplus · Accepted Answer

A composite price index based on the prices of a group of items is known as an aggregate price index. The other options are specific types of price indexes (Laspeyres and Paasche) rather than a general term for a composite price index.

A Composite Price Index Based on the Prices of a Group