The Laspeyres and Paasche index are examples of_________________?
Correct answer: B. Weighted index numbers
- A. Aggregate index numbers
- B. Weighted index numbers
- C. Weighted price index only
- D. Weighted quantity index only
Explanation
Laspeyres and Paasche indices use weights, usually quantities from the base or current period, so both belong to weighted index numbers. They are not limited only to price or quantity indices because the general classification is weighted indices.
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