MCQ
Laspayer's index is based on
- ✓Base year quantities
- BBase year Prices
- CCurrent year quantities.
- DAverage of current and base year
✓
Answer
Correct option: A.
Base year quantities
(a) Base year quantities
Explanation: A weighted aggregative price index using base period quantities as weights, is also known as Laspeyre’s price index.
Explanation: A weighted aggregative price index using base period quantities as weights, is also known as Laspeyre’s price index.
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